Our Awful Situation

U.S. House Approves Democratic Anti-Foreclosure Bill

Posted by Charlie Kilo on May 9th, 2008

More tax payer insured garbage:

The U.S. House of Representatives approved legislation to let the government insure up to $300 billion in mortgages to help homeowners avert foreclosure, after the White House said the measure would force taxpayers to bear excessive risk.

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