Title: Legislation to Solve the Sub-Prime Lending Debachery

Essay Details

Subject: Business
Author: Antoinette L
Date: May 30, 2012
Level: University
Grade: A
Length: 3 / 666
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

It seems the government not only realizes the tremendous impact that all of this has on the economy, but also to the individual. The article “The Plans to Save Underwater Loans,” by Jane Sasseen, informs us of some steps being taken in Washington, and legislation that is underway, that will hopefully bring aid to all of those suffering, from home and business owners to the lenders themselves...

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In fact, there are a few different proposals on the Congress floor at this time that are intended to provide relief to the housing sector. Senators Christopher Dodd and Richard Shelby are backing a housing stimulus package that includes a $7000 tax credit for those buying a home in default or foreclosure, a $10 billion increase in the value of bonds a state can issue to help borrowers refinance, and tax-credits for money-losing homebuilders and other businesses...

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