Houses passes mortgage bill

The house passed the Freddie/Fannie bailout disguised as the homeowner rescue bill today by a nearly two-to-one margin. The bill provides $300 billion in money earmarked for helping consumers in trouble with their mortgage and explictitly guarantees the debt of the GSE's through loans an cash infusions from the government. You can read more at CNN.com. I'm typing this from the new WordPress app on my iPhone at the airport. There's very little you can besides type so unfortunately I can't put in any links but at least now you know (like you hadn't heard already...) Share This