Business Channels: Business News

Anti-Foreclosure Effort Becomes Law

Too much going on last few days. Not much news today really. read some interesting stuff at http://www.washingtonpost.com/wp

Instead, Congress passed legislation allowing the Department of Housing and Urban Development to make significant changes to a failed government program to allow delinquent borrowers to refinance into new loans.
The Hope for Homeowners program has helped just one borrower since it was launched in October.
The Justice Department also gains expanded authority to prosecute mortgage fraud, including fraud by mortgage brokers and others not directly regulated by federal officials.
In addition, the legislation raises the Federal Deposit Insurance Corp.’s borrowing authority, a measure favored by banks hoping to avoid an increase in the fees they pay.
The additional funds for GMAC, first reported by the Post earlier this month, would come as part of the Obama administration’s attempt to revive the nation’s financial system.

Too much work to do. The football game last night was great! read some interesting stuff at http://www.thenextright.com/michael

The plan would not initially create a government-run, single-payer system such as those in Canada and Britain.
In the face of this assault on one sixth of the U.S..economy and some of the most important, personal, and private areas of our lives, one would think that the Republican response would be a resounding “No!” One would be wrong.
The plan falls just short of an individual mandate, setting up automatic enrollment in exchange plans at “places of employment, emergency rooms, the DMV, etc.” — essentially, trying to achieve universal coverage by nagging Americans to death.
Why should it be elsewise for Health Care.
the best you can hope for would be for some republicans to give concessions on other parts of obama’s agenda (gitmo, DADT, SS) in order to insert some pro-market ideas into the new legislation.
Meantime, the biggest change in Medicare in over a decade was passed, with Medicare part D drug benefit, pushed and passed by Bush.
Oh, and a massive tripling of SCHIP was debated, passed and vetoed by Bush, etc.

A typical day: it has been raining all day today. Another friend was laid off todayJust got a cup of tea and prepare to start working.

Homes for Sale, Rentals Home Sale Trends Most emailed.
Baylife Church will host its fourth annual car show from 10 a.m.
Riverview United Methodist Church will host a movie night at 7 p.m.
It will be shown in the Crichton Fellowship Hall with popcorn and drinks served at 6:30 p.m.