Congress Approves Housing Rescue Bill

Discussion in 'Current Events' started by Manuel, Jul 23, 2008.

  1. Manuel
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    Manuel *****

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    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.

    Congress Approves Housing Rescue Bill
     
  2. CA95380
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    CA95380 USMB Member

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    I saw this just a few minutes ago. Thanks for sharing it with others that might have missed it. Now ..... let's see how long it takes for this to get messed up just like most things that our "government" get's their fingers into.

    Remember New Orleans??
     
  3. Charles_Main
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    Charles_Main AR15 Owner

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    I am torn about this, While I know it is needed, it still pisses me off that a lot of irresponsible morons, who bought houses the could not afford, for 3% down, are going to be bailed out by it.
     
  4. Chris
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    Chris Gold Member

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    Did you cash your stimulus check yet?
     
  5. Gunny
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    Gunny Gold Member

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    Nothing wrong with our government bailing out private industry. Oh wait, isn't that how we got an artificial ceiling on gas for 3 decades we're paying for now?
     
  6. Charles_Main
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    Charles_Main AR15 Owner

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    Did a troll ask me a question that has nothing to do with the thread at all? I swore I heard something, well almost.
     
  7. Paulie
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    Paulie Platinum Member

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    At the expense of the rest of us.
     
  8. busara
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    busara wanasiasa wapumbava

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    agreed. it pisses me off, but i know it needs to happen. should i pay for people who lose their savings playing the stock market or gambling at a casino as well? dont do it if you cant afford it. idiots
     
  9. Ravi
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    Ravi Diamond Member

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    Not to mention irresponsible lenders that lent out money knowing people couldn't afford to pay it back...
     
  10. Paulie
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    Paulie Platinum Member

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    Why does it "need" to happen?
     

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