Pardon My Politics
Politics From The Left, The Right & Somewhere in Between

Pardon My Politics

You are Browsing the May 2008 Archive:

Bailouts and Bold Action


Posted on May 5th, 2008 by gestroud 74 views

The Bush administration labels the$15 billion in the Neighborhood Stabilization Act of 2008 (HR 5818)—legislation to help stabilize hundreds of communities swamped by foreclosures across the country—as a bank “bailout.” Advocates of the funding in Congress and around the nation argue that the $15 billion is essential to keep communities from falling into blight, and [...]