Obama's Default Plan

Collins, Brian
December 2008
National Mortgage News;12/1/2008, Vol. 33 Issue 10, p1
Trade Publication
The article focuses on the economic recovery and stimulus plan of U.S. President Barack Obama. Part of the plan is to address the foreclosure crisis. He has selected Timothy Geithmer as Treasury secretary, who will be working on an economic plan to get credit moving again and address foreclosures. He also plans to nominate Laurence Summers to be his chief economic advisor. To address foreclosure crisis, Congressional Democrats have been urging to use part of the Troubled Asset Relief Program.


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