Federal Deposit Insurance Corp. (FDIC) Chairman Sheila Bair said the growing robo-signing scandal was symptomatic of the poor incentives that marred the securitization market, but she opposed a universal freeze on foreclosures.

While she continued to push for loan workouts, Bair said, "Across-the-board foreclosure moratoriums — I'm not sure that would help anyone. I think it would forestall a process that necessarily has to take place," Bair said.

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