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Loan Modification

: Mortgage Lender Implode-o-Meter

Repo Overhaul May Include Federal Clearing Bank

By Implode-Explode Heavy Industries

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"A plan said to be in the works at the Federal Reserve to bring sweeping changes to the broad repurchase markets may involve the formation of a federal clearing bank to take the place of banks like Bank of New York Mellon and JPMorgan Chase (JPM: 32.87 0.00%)."

Full post as published by Mortgage Lender Implode-o-Meter on June 23, 2009 (boomark / email).

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