Results 1 to 2 of 2
  1. #1 House passes housing-rescue bill 
    Senior Member
    Join Date
    May 2008
    Location
    The fine Midwest
    Posts
    222
    WASHINGTON - The House has passed legislation that aims to help 400,000 strapped homeowners who are facing foreclosure and prevent troubled mortgage giants Fannie Mae and Freddie Mac from collapsing.

    The 272-152 vote on Wednesday reflected a congressional push to send election-year help to struggling borrowers and to reassure jittery financial markets about the health of two pillars of the mortgage market.

    The measure is on track to pass the Senate and become law within days. President Bush dropped his opposition earlier in the day.
    Story continues below ↓advertisement

    The White House swallowed its distaste for $3.9 billion in grants the bill would provide for devastated neighborhoods. The bill could become law as early as this week.

    Under the bill, the government would help struggling homeowners get new, cheaper loans and would be allowed to offer troubled mortgage giants Fannie Mae and Freddie Mac a cash infusion.


    http://www.msnbc.msn.com/id/25812594

    Nothing quite like taking it up the ass for being diligent and on time is there?
    Last edited by Phillygirl; 07-23-2008 at 05:19 PM. Reason: B/N format
    Reply With Quote  
     

  2. #2  
    Senior Member
    Join Date
    Jun 2008
    Posts
    9,808
    Well, if they're going to bail out irresponsible banks, why shouldn't they bail out irresponsible homeowners?
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •