Mortgage bailout opinion poll
Foreign banks, which were originally excluded from the plan $700 billion mortgage bailout plan, lobbied successfully over the weekend to be able to sell their American mortgage debts owned by their American branches to the U.S. Treasury, getting the same treatment as U.S. banks in the proposal.
Saturday the language of the plan was changed to include any financial institution “having significant operations” in the United States. There is no estimate on how much foreign banks might add to the bailout proposal that some economists already say could top $1 trillion.
Participate in the latest GrandPrairieReporter.com opinion poll. Also, give your comments on the bailout proposal.
