Industry News

Federal plan: paper, not property?

Questions remain over government ownership of property
Published on Oct 8, 2008

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by CareyBot

The multibillion-dollar federal plan to buy up financial firms' bad assets in an effort to kick-start the credit markets has more to do with "paper" than property, say experts.

And while the details on the form and function of the plan have not been finalized, they also say there is the possibility that the government will end up owning homes as a result of the bailout plan's implementation, if history is any indication.

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