The legislation - likely to be enacted soon - devotes $300 billion to helping troubled homeowners avoid foreclosure. See if you qualify. »

Posted By STONERS 1 year, 4 months ago in News
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The Senate on Saturday passed a $300 billion housing rescue bill aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac.

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    STONERS1 year, 4 months ago

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    "The Congressional Budget Office estimates that 400,000 borrowers with $68 billion in loans may benefit from the program - but the bill allows for as many as 1 million or 2 million borrowers to participate in the program."

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      quackpot1 year, 4 months ago

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      $300 billion is about $1,000 per person, and this is only a portion of what it is taking to clean up this economic fiasco.

      The U.S. can not afford another four years of Republican "economincs"

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        donald511 year, 4 months ago

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        I was just on Pelosi's site the other day and she has 59 bills that have passed the House, but Dumya threatens to veto them! One of the earliest was allowing the government to negotiate medicare prescription prices since the repug congress had forbidden so! Wikipedia says the VA which can negotiate drug prices pays 58% less for drugs then Medicare!

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        RichFatCat1 year, 4 months ago

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        Been watching those bills closely, donald. Our man George WILL veto them. Bad for the pharmaceutical business. We've "given at the office" to assure that veto.

        So what if Medicare pays a bit too much. It's just government money.

        If that Dem. gets elected. We'll dump most of our pharm stock and take the profits. We'll reacquire after the storm abates.

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