President Bush No Longer Opposes Housing Bill
July 23, 2008
In a dramatic change of position, President bush no longer opposes the Housing Bill currently under discussion in Congress. This is a big change especially relative to the majority of Republicans view that the bill helps bail out irresponsible home owners and unethical lenders. The current legislation proposes a $3.9 billion of funds to help those areas that have been hardest hit by foreclosed homes and real estate. If approved, the money would be utilized to help those persons acquire new loans with better terms that would allow them to get out from under their current higher fee loans.
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