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Law Practice

May 16, 2009

BERG: Should We Take Another Approach to Tackling the Mortgage Meltdown?

In the last of a four-part series on America's mortgage meltdown, columnist Martin Berg asks: Can we talk?

Elizabeth Warren, the plain-talking Harvard Law School professor who monitors the financial bailout for Congress, says there are only two ways to get financial institutions to modify mortgages either order them to do it or bribe them.

So far we've been trying to bribe them - whoops, I mean offering them incentives - with little to show for it.

President Obama's ambitious plan to clean up the mortgage mess is off to a slow start, hob...

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