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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.
Since the recent $29 billion bailout of BearStearns by Washington, it seems the Bush
Administration is changing its tune when it comes to using taxpayer funds to aid homeowners. 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...
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