The Obama administration is considering spending up to $100 billion of the Treasury Department's $700 billion Troubled Asset Relief Program to ease the crisis. Many members of Congress are also urging the president to do the same.
Under the FDIC's plan, banks would modify mortgage loans, while Uncle Sam would use TARP dollars to absorb some of the losses. And it's got promise because a version of it is already being used with some success to handle troubled mortgages originated by IndyMac.
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