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Bank of America Corporation Message Board

  • dumpobamie dumpobamie Apr 10, 2013 2:57 PM Flag

    Obama Regime projects $943 million bailout needed for FHA


    (Reuters) - The cash-strapped Federal Housing Administration will likely require a $943 million taxpayer bailout to cover expected losses from loans it insured as the U.S. housing bubble was deflating, the Obama administration said on Wednesday.

    It would be the first bailout of the government's mortgage insurer in its nearly 80-year history.

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