Subprime Rescue Plans: Backdoor Bank Bailouts

Source: Dean Baker, Center for Economic and Policy Research, March 2008

From the press release:
Many of the recent proposals to help homeowners facing foreclosure provide little relief for most of the families at risk of losing their home, according to a report from the Center of Economic and Policy Research. Under these rescues, taxpayers end up underwriting a bailout that could reap billions of dollars in profit for banks and mortgage holders.

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