Rep. Pence (R,Ind) enlightens us as to why this bill just plain sucks. I believe this is just the tip of the iceberg. I’ll add to the sections he’s pointing out.
From CNS News - Pence Calls on Conservatives to Oppose Bailout That ‘Nationalizes’ Bad Mortgages
Section 109 of the proposed law is entitled “Mortgage Mitigation Efforts.” Section 110 is entitled “Assistance to Homeowners.” They address what the Treasury Department and other federal agencies must do about the mortgages that will be among the assets the government buys from financial institutions with the $700 billion in bailout money authorized by the bill.
Go to Bear Creek Ledger to read more.
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment