by Art Smith
Today US Treasury Secretary Henry Paulson announced plans for the new Federal Housing Finance Agency (FHFA) to take Freddie Mac and Fannie Mae into conservatorship. The power to do this was provided in HR 3221 which was passed in July. The move includes replacement...
by Linda Morgan
(Cross-posted from BitsBlog) John Cole is miffed at Obama for suggesting that the solution for oil supply problems is to find more. Apparently to Cole, that’s not painful enough for us. Look, I know that there are people who are suffering because of high gas prices....
by Art Smith
As expected, President Bush signed HR 3221 into law this morning, making billions of federal dollars available to home owners, shoring up Fannie Mae and Freddie Mac, and providing closer oversight of the financial aspects of home ownership to the Administration and...
by Art Smith
In reference to my post on Saturday regarding HR 3221, the “Housing and Economic Recovery Act of 2008″, I discovered a site where there is a copy of the Congressional Budget Office Cost Estimate for HR 3221. Over the next ten years, according to the estimate, this...
by Art Smith
Well, it took almost 3 months, but Congress finally passed the bill today, on older version of which was passed by the House in May, after some considerable back and forth between the Senate and the House. The bill is HR 3221 (pdf), titled: “Housing and...
by Art Smith
Legislative Leaders in Iowa are continuing to talk about a special session of the General Assembly, which makes sense. The Governor is doing a good job of expressing the need to prioritize working on the current relief effort AND establishing a solid assessment of the...