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Bush signs housing bill in private
Posted By admin On July 30, 2008 @ 1:00 pm In Money Watch | Comments Disabled
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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URLs in this post:
 Politico: http://www.politico.com/news/stories/0708/12166.html
 Housing rescue bill passed in US: http://www.prisonplanet.com/housing-rescue-bill-passed-in-us.html
 The Second Foreclosure Tsunami Is Coming, And Is About To Kill Any Hopes Of A “Housing Bottom”: http://www.prisonplanet.com/the-second-foreclosure-tsunami-is-coming-and-is-about-to-kill-any-hopes-of-a-housing-bottom.html
 Housing bubble smackdown: Huge “shadow inventory” portends a bigger crash ahead: http://www.prisonplanet.com/housing-bubble-smackdown-huge-%e2%80%9cshadow-inventory%e2%80%9d-portends-a-bigger-crash-ahead.html
 Housing Armageddon: 12 Facts Which Show That We Are In The Midst Of The Worst Housing Collapse In U.S. History: http://www.prisonplanet.com/housing-armageddon-12-facts-which-show-that-we-are-in-the-midst-of-the-worst-housing-collapse-in-u-s-history.html
 Obama signs a bill that lets banks have US over a barrel once more: http://www.prisonplanet.com/obama-signs-a-bill-that-lets-banks-have-us-over-a-barrel-once-more.html
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