The House on Wednesday voted 272-152 to pass sweeping legislation that will offer up to $300 billion in assistance to troubled homeowners and throw government support behind mortgage finance giants Fannie Mae and Freddie Mac.
The nearly 700-page measure will now go back to the Senate, where final passage is expected. It's not clear when the vote will occur because of a Republican filibuster threat.
That's $1,000 for every man, woman, and child in America. That will "assist troubled homeowners" who bought what they couldn't afford. The same people like Patricia Guerrero who bought a beautiful home for almost nothing. Who then went on to refinance and take out additional loans of $450k, then, when she got into trouble, took out an interest only loan that had a $2,500 a month payment.
You and I are going to pay for her idiocy.
She should move out, get an apartment, and rebuild like everyone else did. Instead, moron politicians and whiners passed this when we can't afford it.
Watch the video in the news story about Patricia, and you'll see exactly what I'm talking about.
How is this fair to you and me? How is it fair for us to pay for people who were clearly irresponsible? This is why Congress and the President have such low approval ratings: Dumb things like this.
Travis
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