Subprime Mortgage Crisis
May 8, 2008
House approves housing rescue plan, defying veto threat
“Diminishing the number of foreclosures is in the interest not simply of those who will avoid foreclosure, but people in their neighborhood, (in) the cities in which they are located, and the whole economy.”
The House on Thursday passed a massive homeowner rescue plan to provide cheaper, government-backed mortgages to half a million debt-ridden borrowers and bolster an economy crippled by the housing crisis. via Charlotte.com
Comments
Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.
| Topic | Updated | Last By | Comments |
|---|---|---|---|
| Regulation For The Financial Crisis: Supply and... | Oct 1 | Chien Yi Lee | 1 |
| FBI investigating companies at heart of meltdown | Sep 26 | Prospective Pax | 23 |
| Should the bailout plan be decided by referendum? | Sep 26 | Tommy | 1 |
| Where is the government bailout for homeowners? | Sep 25 | Prospective Pax | 2 |
| White House threatens veto of foreclosure rescue | Sep 17 | Provocateur | 617 |
| 48bn rescue plan for AIG, the giant they could ... | Sep 17 | Tom | 1 |
| Markets showing signs of recovery after subprim... | Sep 17 | Tom | 2 |
Cancer
Most Popular