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Resource ID: #24259
Subject: Mortgages
Source: Bloomberg Business News (Princeton, N.J.)
Date: 2009-02-23



The article explores how major lenders are lobbying in Washington to deter legislation to solve the foreclosure crisis. Banks feel that any action from Washington will give courts more power to shrink mortgage debt for borrowers which banks say could result in less bank profit, irresponsible borrowing and higher borrowing costs.

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