From the desk of Robert Rappaport on Wednesday, February 18th 2009 at 10:30
STEMMING FORECLOSURES
President Obama Wednesday unveiled the $75 billion Homeowner Stability Initiative as part of a multi-faceted effort to slow foreclosures. He delivered the speech in Mesa.
You can read the text of the speech here, courtesy of NPR.
Here's the White House outline of the plan.
Next up on the bailout list...automakers want more money. Stay tuned for the details on that one.
After that, who knows?
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