NEW YORK (AP) – Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in a wide-ranging scandal at the.
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But will the outrage help those who have been hardest hit by the economic meltdown? Will the hundreds of millions of dollars in various stimulus packages and bailouts find its way to regular people who are trying to get by, or will it go only to corporations deemed "too big to fail," leaving behind millions of people who are, apparently, small.
President Obama’s massive mortgage-bailout plan is nothing more than a thinly disguised. s stubborn refusal to have any faith in the free market. In some of the hardest-hit areas of the country,
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Because of that enormous drop, Floridas Hardest Hit Fund will stop accepting applications Jan. 31 for its three main mortgage assistance programs. The deadline signals a major wind-down of the $1.1 billion fund, which has helped thousands of struggling Florida homeowners like Dena Tingling.