A blog dedicated to tracking the continuing decline of housing markets throughout the USA. It is a long slow decline. But, decline it will. The speculative episode was simply unsustainable. With special attention to the Washington, DC area. Please join in the discussion.
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Bailout Bill Delayed Until After July 4th Recess
Posted on June 28, 2008
CNNMoney reports on the housing bailout bill:After failing to approve an omninbus housing rescue package this week, the Senate is scheduled take up the bipartisan-supported bill again the week of July 7....On Wednesday, a clearly frustrated Banking Committee Chairman Christopher Dodd, D-Conn., who negotiated the housing legislation, said lawmakers were close to getting passage on the bill if only we can get it to the floor. The Stanford Group, a policy research firm, dropped its odds of enactment to 70% based on the delays....The provision that has garnered the most attention is one that woul...
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