In the late afternoon on Tuesday the House decided to make a swift move not in conjunction with the plans of the Bush Administration. The bill was voted on and passed with a vote of 348-72. The repercussions of this bill will allow the FHA to insure sub-prime mortgages that are facing foreclosure and historic […]
Archive for September, 2007
Rush aid to Wall street while the poor get flipped out of their homes. No Liquidity Crisis - the rich withhold funding to squeeze more profits and receive more bank funding on easy terms. Don’t Worry!
The wider US economy could now be suffering the effects of the sub-prime lending crisis, according to figures released towards […]
