luv2read
07-24-2008, 08:09 AM
This is a trade-off for adding drilling in off-limits areas to 2009 DOI funding bill or energy bill currently being worked. Watch for it.
"The House" Wednesday "easily approved (http://clerk.house.gov/evs/2008/roll519.xml) legislation that seeks to slow the steepest slide in house prices in a generation, rescue hundreds of thousands of homeowners at risk of foreclosure and reassure global markets that mortgage-finance giants Fannie Mae and Freddie Mac will not be allowed to fail," the Washington Post (http://www.washingtonpost.com/wp-dyn/content/article/2008/07/23/AR2008072300317.html) reports. "The Senate plans to vote on the bill (http://thomas.loc.gov/cgi-bin/bdquery/z?d110:h.r.03221:) within days and send it to President Bush. The White House announced that Bush would sign the measure."
Not happy about the tax break provision for developers/speculators. Why not give that to people who are being foreclosed so they can KEEP their homes?:sick:
OMG it looks like they are abolishing part of HUD and creating a NEW agency...
SEC. 397. TRANSFER AND RIGHTS OF EMPLOYEES OF DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
(a) Transfer-
(1) IN GENERAL- Except as provided in paragraph (2), each enterprise-related employee of the Department shall be transferred to the Federal Housing Finance Agency for employment not later than the termination date under section 395(a) and such transfer shall be deemed a transfer of function for purposes of section 3503 of title 5, United States Code.
"The House" Wednesday "easily approved (http://clerk.house.gov/evs/2008/roll519.xml) legislation that seeks to slow the steepest slide in house prices in a generation, rescue hundreds of thousands of homeowners at risk of foreclosure and reassure global markets that mortgage-finance giants Fannie Mae and Freddie Mac will not be allowed to fail," the Washington Post (http://www.washingtonpost.com/wp-dyn/content/article/2008/07/23/AR2008072300317.html) reports. "The Senate plans to vote on the bill (http://thomas.loc.gov/cgi-bin/bdquery/z?d110:h.r.03221:) within days and send it to President Bush. The White House announced that Bush would sign the measure."
Not happy about the tax break provision for developers/speculators. Why not give that to people who are being foreclosed so they can KEEP their homes?:sick:
OMG it looks like they are abolishing part of HUD and creating a NEW agency...
SEC. 397. TRANSFER AND RIGHTS OF EMPLOYEES OF DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
(a) Transfer-
(1) IN GENERAL- Except as provided in paragraph (2), each enterprise-related employee of the Department shall be transferred to the Federal Housing Finance Agency for employment not later than the termination date under section 395(a) and such transfer shall be deemed a transfer of function for purposes of section 3503 of title 5, United States Code.