(Reuters) - Kennedy wants to reduce to 97 percent from 98 percent the insurance paid by the government to lenders on defaulted loans and to kill a rule that designates some lenders as "exceptional performers" and makes them eligible for a 2-percentage-point boost in their federal bad-loan insurance rate.
Bush has proposed cutting the insurance rate to 95 percent and the rate for exceptional performers to 97 percent.
Read more at Reuters.com Hot Stocks News
Bush has proposed cutting the insurance rate to 95 percent and the rate for exceptional performers to 97 percent.
Read more at Reuters.com Hot Stocks News
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