Dodd: Clock running out for government mortgage relief

04/17/2008 | Financial Times (free content)

Sen. Christopher Dodd, D-Conn., said Congress and the Bush administration were running out of time to reach a compromise on large-scale government intervention in the mortgage market. Dodd proposed last month using government funds to guarantee up to $400 billion in troubled mortgages. "I have got a clock in my own head and that clock runs out in the next several weeks," Dodd said.

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