FDIC chief Sheila Bair says she may ask lenders to cut principal payments on mortgages they get...

|By:, SA News Editor

FDIC chief Sheila Bair says she may ask lenders to cut principal payments on mortgages they get from seized banks, rather than cutting interest or deferring principal. Separately, Bair advised caution on allowing TARP repayments too quickly, warning there won't be more government support for big financial firms going forward.