'modified loans may possibly, significantly assist the economy's future progression'

modified loans may possibly, significantly assist the economy's future progression

10/16/09 19:18

Bank are being embarrassed into making more loan modifications, as the treasury uses "name and shame" methods in order to get the banks to succumb to their will.

Brining the majority of their wits to the table was the Treasury Department concerning the issue of the banks concerning their loan habits and what not.

The bank had failed to do much concerning mortgage modifications despite the fact that the Administration had offered bribes and even a few incentives, in order for them to do adhere to the situation.

Link: Treasury Now Tries "Name and Shame" To Embarrass Banks

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