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Saturday, December 9, 2023

Republicans move to kill housing rescue programs


WASHINGTON (Reuters) – The Obama administration’s key housing market rescue programs landed on the chopping block on Thursday as a committee in the U.S. House of Representatives scheduled a vote next week to terminate them.

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1 thought on “Republicans move to kill housing rescue programs”

  1. Another biased headline?

    These programs may have been well intentioned but they’re not working and, in reality, are making things worse,” the Alabama Republican [Spencer Bachus] said…

    Conservatives and liberals alike have criticized the program for being ineffective. Elizabeth Warren, the Harvard law professor who is leading the [Obama] administration’s efforts to set up an agency to regulate consumer financial products, last year likened the [mortgage modification] program to “bailing out the boat with a teaspoon while it takes on gallons of water.”

    Would somebody PLEASE start addressing issues honestly without the partisan spin???

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