Neither Bush not Obama will support the homeowners - Congress finally gets it and plans to set conditions for $350 billion in rescue funds
Fred Day
Dec. 20, 2008

The Congress finally understood the Paulson game plan. Now they do not trust the Obama Administration either. Both are setups by the same set of folks – for the rich, by the rich and of the rich!

The Democrats are finally getting it, that this administration is not going to do anything to help homeowners, and they are getting more proactive in Washington.

Frank, a Massachusetts Democrat, said in the interview he’s drafting legislation with Senate Banking Committee Chairman Christopher Dodd that would release the remaining $350 billion in exchange for foreclosure help, aid for General Motors Corp. and Chrysler LLC and provisions to hold banks accountable for stepped up lending to consumers.

The measure would adopt a Federal Deposit Insurance Corp. foreclosure plan, revamp the Hope for Homeowners loan-relief program that has attracted few lenders and support a Treasury program to cut rates on some fixed-rate home-loans.

Neither Bush not Obama will support the homeowners - Congress finally gets it and plans to set conditions for $350 billion in rescue funds
Fred Day
The Congress finally understood the Paulson game plan.
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