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Wallman's plan is to provide financial institutions a government guarantee in lieu of any penalties or foreclosure to homeowners that have a mortgage in distress the current or missed payments under the mortgage. When a borrower agrees to have the government take over the mortgage payments, the
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mortgage company notify the government, then the government to make the payments, and the borrower would sign a note agreeing to repay the government with interest at the same rate currently required under the borrower's mortgage.
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to help solve the credit crisis without a bailout by using taxpayer-provided funds to make money available to homeowners who live in their homes (and not speculators) to stabilize housing.
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In his time with the SEC, he fought for the "decimalization" of stock prices (i.e., using decimals instead of the then-standard fractions, e.g., $ 10.25 instead of $ 10¼) on the
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143:(SEC). Wallman held this position from 1994 to 1997. He has also founded several companies, including Folio Financial, Inc. and
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Steven
Wallman was sworn in as a commissioner of the SEC on July 5, 1994, having been appointed by
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Wallman is the founder of several companies, including Folio
Financial, Inc. (
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from the article and its talk page, especially if potentially
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Members of the U.S. Securities and
Exchange Commission
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that
Wallman is available to comment on the proposed
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158:. Wallman previously was a partner at law firm
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271:"SEC Biography: Commissioner Steven Wallman"
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210:Proxy Governance, Inc.
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281:. 15 July 2014
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