Judge it!
The latest article states that the Banking Committee will vote on this legislation on 05/19/08 and it should pass the Senate. The articles, however, do not give any details. Who will qualify? It only says "at-risk borrowers" - how are these defined in the bill? Plus, it says this will be a voluntary fix - how will that help anyone? The banks do not care about being charitable. They care only about their money. As soon as I learn more details, I'll post them on my blog.
Noah@ShortOnChange.com
http://www.ShortOnChange.com/blogs/blogs.htm
Richard Shelby
Senators say have deal on housing rescue bill
By Patrick Rucker Reuters Monday, May 19, 2008; 8:24 PM WASHINGTON - Leaders of the U.S. Senate Banking Committee said on Monday they had reached a deal on legislation to create a multibillion-dollar mortgage ...
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