Housing Bailout Latest

Posted In: Bailout, Congress, Homeowners, Housing, Mortgages, Politicians, President Bush, U.S. Government

This morning I received an e-mail from the powers-that-be behind Stop The Housing Bailout! According to STHB:

• Readers against a housing bailout should contact U.S. Senator Richard C. Shelby. He can be reached by telephone at (202)224-5744, and by e-mail at Senator@shelby.senate.gov. STHB stated, “He is going to run the show from the Republican side of the aisle.”

• You may want to check out the Wall Street Journal article “Democrats Face Rescue Backlash.” According to STHB, “A nice little piece about the Bailout Backlash!”

President Bush is vowing to veto a bill the U.S. House of Representatives passed last week that would, among other things, allow certain homeowners to refinance loans through a government agency if lenders agree to take less than the full amount borrowed. The U.S. Senate is expected to take up the issue this week.


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