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Bailing out homeowners may be tricky, blogger says

John McCain wants the government to buy up to $300 billion worth of consumer mortgages. John McCain wants the government to buy up to $300 billion worth of consumer mortgages. (Mark Humphrey/Associated Press)
By Scott Kirsner
Globe Correspondent / October 13, 2008

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McCain's mortgage proposal. During last Tuesday's presidential debate, Senator John McCain said that, if elected, he'd order the Treasury Department to purchase up to $300 billion worth of consumer mortgages and renegotiate the loans to match each home's current value. Waltham investor Mike Feinstein reacted on his blog: (Full article: 891 words)

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