"The Senate group, which is being led by Corker, is expected to propose a newly chartered institution that guarantees principal and interest payments on mortgage-backed securities. Lawmakers would likely create an explicit federal guarantee or employ a government insurance structure."
Oy... Off top of head IMO looks like the big bank lobbying peeps have been busy after having to pay some of the fines for their... Whatchamcallit lending deeds. Now they get an explicit guarantee on interest payments? Nice... Wurkit yuh...
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled. -Temple of the Dog