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FDIC chairwoman: Mortgage industry had 'disdain for borrowers'

Bair reveals banks' reluctance to modify loans

Outgoing Federal Deposit Insurance Corporation Chairwoman Sheila Bair's revealing exit interview by the New York Times has generated plenty of buzz. But while the interview provided a comprehensive look at Bair's role from 2006 to 2011, what caught our attention was her characterization of the foreclosure crisis.
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