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Morning Mortgage Meltdown: No Relief, Says Treasury

Loans made to "borderline borrowers" and loans made to speculators who now want to abandon their sinking properties: "These two categories of foreclosures... will remain elevated in the near term." Such were the sober words of the U.S. treasury secretary today. So ... wait a minute. Is he saying the Fed and Congress dynamic duo isn't going to swoop in and rescue us? [Forbes]