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Treasury's Legislative Proposal From Treasury Department for Authority to Buy Mortgage-Related Assets

1 section comment

Title I - Authorizing the Treasury Department to Buy Mortgage-Related Assets

Sec. 11. Credit Reform.


The costs of purchases of mortgage-related assets made under section 2(a) of this Act shall be determined as provided under the Federal Credit Reform Act of 1990, as applicable.


General Comments on Treasury's Legislative Proposal From Treasury Department for Authority to Buy Mortgage-Related Assets

Midwestern on September 26, 2008

The Credit Reform Act of 1990 should be reformed again to not allow any 0% financing or any financing without reasonable collaterol without usary or outrageous interest rates and without outrageiously inflated collaterol values.