February 9th, 2009
10:12 PM ET
5 years ago

Treasury to lay out foreclosure fix

NEW YORK (CNNMoney.com) – Treasury Secretary Tim Geithner is expected to announce Tuesday the Obama administration's long-awaited plans to address the foreclosure crisis.

But how much detail he'll reveal remains to be seen.

This much we know - the Obama administration wants to set aside between $50 billion and $100 billion to address the foreclosure crisis. Loan modifications are expected to be a central part of the plan.

Full story


Filed under: Economy • Obama administration
soundoff (5 Responses)
  1. Proud Democrat who is against this Stimulus

    The foreclosure crisis should have been addressed within the Stimulus Bill.

    Why wasn't it?

    February 10, 2009 12:38 am at 12:38 am |
  2. Common Sense

    I support my president. There is an intelligence behind the power that we have been missing for most of a decade. Thank you President Obama.

    February 10, 2009 12:55 am at 12:55 am |
  3. Renee Kaseff

    Tonight I heard a president who was focused on an unbeleivable array of critical issues. He taught the press that he will not be distracted by those who would like to rephrase his understanding of these issues. His power to communicate to people hungering for the voice of an intelligent advocate was in stark contrast to the past eight years.

    February 10, 2009 01:39 am at 1:39 am |
  4. Distrusting

    Why is Geithner still around? How can anyone believe our new president about anything if he allows tax cheats to run major financial offices of our government? That's not change. That's just a different leader at the helm.

    February 10, 2009 02:15 am at 2:15 am |
  5. Mercedes

    How can anyone believe our new president about anything if he allows tax cheats to run major financial offices of our government? That's not change. That's just a different leader at the helm.

    February 10, 2009 02:16 am at 2:16 am |

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