Are more gains in store for the banks after the President last night gave a push to the stalled...

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pilot fish Comments (36)
 
I fell asleep during the riveting speech. Can someone elaborate on what this bill is and what was said? Just reading the above it sounds related to the fair housing act and everyone should own a home. (no matter if you can afford it or not!)
13 Feb, 08:00 AM Reply Like

Deltascared Comments (293)
 
The bill is a short term jolt for a number of interest groups. I am no expert. If your search Heritage dot org or other conservative web pages, the bill isn't very popular. To answer Mr. Fish, the bill is to allow people with underwater mortgages and possibly bad credit to refinance their homes which many shouldn't have qualified for in the first place.
13 Feb, 08:36 AM Reply Like

gwynfryn Comments (1568)
 
So the banks will be able to take on more bad debt? Well, I guess that that will be good for business...
13 Feb, 08:56 AM Reply Like

Macro Investor Comments (5770)
 
If the Heritage Foundation is complaining about the bill, then I suspect it will be good for the economy.
13 Feb, 09:05 AM Reply Like

psanichar Comment (1)
 
Hopefully they start with the ones that are already in their hands for more than two years!!!
13 Feb, 09:08 AM Reply Like

Macro Investor Comments (5770)
 
Is the Heritage Foundation against those as well? We have to prioritize here.
13 Feb, 09:09 AM Reply Like