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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.
By Jenifer B. McKim / The Bulletin
October 7, 2008
The federal bailout may do little to help struggling homeowners because the U.S. government will not have direct control of many of the home loans that need reworking to avoid foreclosure, economists and housing analysts say.
Under the plan, the government will buy troubled mortgages directly....
