ANOTHER BAILOUT for Mortgageholders: The FDIC's Version

As we posted the other day, the Federal Housing Finance Administration has a mortgage modification program for troubled borrowers from the extremely troubled Fannie Mae and Freddie Mac (each posted gigantic losses this week. Again.). In that post, we also mentioned that Citi, Bank of America, and JPMorgan Chase also have programs in place.But the Federal Deposit Insurance Corporation, the