Geithner Refinancing Plan "Weeks Away"

[ptradmin]

The White House is now bringing up talk that it will be releasing yet another government plan designed to assist those whose mortgages are upside-down. As you'd expect, unless you're hopelessly optimistic, details are all but nonexistent at this time. We say "another" plan as if there was already one implemented that has actually done something for homeowners on a broad scale. The plan should be announced in a few weeks, according to Treasury Secretary Timothy Geithner. He spoke at a Senate Banking Committee hearing last week in an effort to communicate the government's plans to works towards economic recovery.

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