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Bush signs housing bill in private
MIKE ALLEN
Politico
Wednesday, July 30, 2008
With none of the fanfare that usually attends a landmark bill becoming law, President Bush signed the huge housing rescue bill just after 7 a.m. Wednesday, shortly after he arrived in the Oval Office.
Only a few aides and administration officials were present, including Secretary of Housing and Urban Development Steve Preston and James B. Lockhart III, the director of the Federal Housing Finance Agency.
The White House announced the signing by e-mail moments later.
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The bill, the biggest overhaul of housing law in decades, provides a lifeline for an estimated 400,000 homeowners facing foreclosure, and provides assurances to the mortgage giants Fannie Mae and Freddie Mac, whose books are loaded with bad mortgages.
Usually such a bill signing is accompanied by a self-congratulatory ceremony, with souvenir pens for congressional leaders and for members, senators and chairmen who spearheaded the legislation.
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3 Responses to “Bush signs housing bill in private”
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July 31st, 2008 at 6:15 am
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July 31st, 2008 at 2:11 pm
I’m Canadian so not sure what the average house costs in the States but lets say a conservative estimate of 125k on average per home. With a bail out for 400,000 at that rate your looking at around what? 50 Billion in bail outs? Good God people! Strike these people down now before it is too late. If you are part of this bail out consider the fact that they probably just sold your ass to the Chinese. They had to have borrowed this money from somewhere….or worse they are just printing it off at the FED as we speak. This is absurd and the worst kind of policy any government can undertake. It only furthers my belief that they are looking to bankrupt the nation intentionally. This is like paying your Visa with your Mastercard! It’s nuts!
July 31st, 2008 at 3:41 pm
@Mark
STOP SPAMMING YOUR SITE!