Relevant:
- Republican Senators Block Housing Bill; Democrats Vow Fight
- Ron Paul, Alan Grayson Audit The Fed Bill Approved In House Finance Committee
- Bank-Friendly Dems Shut Down House, Threaten To Kill Wall Street Reform
- Frank Clashes, Compromises to Win More U.S. Subprime Regulation
- U.S. House approves bill to rebuild FHA coffers
2008-05-01 — marketwatch.com
The House Financial Services Committee voted to approve a bill to aid strapped homeowners on Thursday, sending the measure to the full House for approval. The bill, pushed by panel chairman Barney Frank, D-Mass., and other Democrats, would allow the Federal Housing Administration to back as much as $300 billion in refinanced loans for homeowners facing foreclosure.
There's another $300B the Fed will eventually have to print.
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