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Loan Modification

: Mortgage Lender Implode-o-Meter

Geithner Believes FDIC Can be Convinced on Covered Bonds

By Implode-Explode Heavy Industries

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``"FDIC has legitimate concerns," the secretary told the Senate Banking Committee Tuesday. For a covered bond market to work, "we would be putting the taxpayer in some sense behind private investors," said Geithner. "That has it own consequences. But that is something we can work through."''

Full post as published by Mortgage Lender Implode-o-Meter on March 16, 2011 (boomark / email).

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