Do you see something here that is just wrong? What’s this about Bush signing a housing bill? Lending Tree has got to be kidding. This was found on Yahoo this morning. Thursday September 25. He was just on television last night telling us about this mess and practically crying his eyes out.
You can click on it for a better view
Oh I see. I just googled this mess and came up with this. Where was I? Asleep probably.
updated 5:58 p.m. ET, Wed., July. 30, 2008
WASHINGTON – President Bush signed a housing bill Wednesday intended to rescue about 15 percent of the cash-strapped homeowners in fear of foreclosure in the next year or so.
Early in the morning and out of public view, the president signed it without fanfare in the Oval Office, adding his signature to a measure he once threatened to veto. The White House said he was accompanied by Treasury Secretary Henry Paulson, Housing and Urban Development Secretary Steve Preston and other administration officials.
“We look forward to put in place new authorities to improve confidence and stability in markets,” White House spokesman Tony Fratto said. He said the Federal Housing Administration would begin to put in place new policies “intended to keep more deserving American families in their homes.”
If people are going bankrupt and can’t afford housing payments they are going to ease the burden somehow. Lower rates perhaps. I had a dream they just decided to give everybody the house they were living in or cap mortgage rates by law at five percent and forget about trying to go to Mars in the next 20 years.
What was I thinking?