Chairman of the House Financial Services Committee Demands the Big Four Write Down Second Mortgages

Rep. Barney Frank, chairman of the House Financial Services Committee, last week sent a letter to the CEOs of Bank of America, Citigroup, J.P. Morgan and Wells Fargo demanding "immediate steps" to write down second mortgages.

Read the full letter @ the Wall Street Journal  (http://ow.ly/1fZ0J)