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McCain Wants to Bail out Homeowners, too!

"Sen. John McCain's $300 billion plan to help homeowners struggling with mortgage debt carries big potential benefits for the troubled real-estate sector, but could reduce the funds available for rescuing banks... The McCain plan is similar in some respects to the Depression-era Home Owners' Loan Corp., which made 1 million refinancing loans totaling $3 billion to help prevent foreclosures."
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