Obama unveils radical mortgage plan

By Jeremy Grant and Eoin Callan in Washington

Published: August 28 2007 22:04 | Last updated: August 28 2007 22:04

Unscrupulous lenders who deceptively sold subprime mortgages to millions of Americans should be fined and the proceeds used to help bail out borrowers facing a wave of foreclosures, according to Barack Obama, the Democratic senator running to be his party’s presidential candidate.

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