Wednesday, April 11, 2007

U.S. lawmakers propose aid for subprime borrowers

(Reuters) - The cash infusion is needed right away and should go to both help fund community groups aiding troubled borrowers and to directly fund bailouts, Schumer said.

Schumer spoke as chairman of the Joint Economic Committee, a joint committee of Congress, and appeared with Democratic senators Robert Menendez of New Jersey and Sherrod Brown of Ohio.


Read more at Reuters.com Government Filings News

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