MORAL HAZARD? "There's this idea that if you help one homeowner all the others are going to stop paying their mortgages," says Elyse Cherry. "But one of the reasons the recovery is so anemic is they are still dealing with a huge overhang of people who can't afford their mortgage."
The Massachusetts attorney general's lawsuit against Fannie Mae and Freddie Mac seeks to aid a nonprofit whose CEO has close political ties to Martha Coakley's gubernatorial campaign.
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