Testimony By Secretary Henry M. Paulson on Bailouts

Wednesday, September 24th, 2008

Treasury Secretary Henry Paulson on Tuesday presented his testimony before the Senate Banking Committee on the proposed $700 billion U.S. financial market bailouts. "I appreciate that this is a difficult period for the American people. I also appreciate that Congressional leaders and the Administration are working closely together so ...

Posted in Foreclosure Laws, Foreclosure Statistics, Housing Bill, Nation | 251 Comments »

President Bush signs housing bill

Thursday, July 31st, 2008

President Bush signed the long awaiting housing bill on wednesday which is designed to help some 400,000 struggling homeowners avoid foreclosure. Reuters states this rescue package is aimed at resurrecting the housing market from its worst slump since the Great Depression and stabilizing the two largest mortgage finance companies. The ...

Posted in Housing Bill | 100 Comments »

Housing Relief Bill

Monday, July 28th, 2008

According to Nytimes.com the legislation of the housing relief bill is the latest in a series of extraordinary interventions this year by the Bush administration, Congress and the Federal Reserve as they seek to limit shockwaves in the housing sector from rippling across the American economy and the world financial ...

Posted in Housing Bill | 121 Comments »