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- Senate Banking Committee Reaches Consensus on Bailout Bill
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The Senate Banking Committee reached a consensus on new legislation designed to help homeowners, forestall foreclosures and create more affordable housing in a government-led bail out attempt to save the housing market from imploding on itself. The ranking Republican on the committee Richard Shelby said he’s comfortable that the bill protects American taxpayers from covering for bad bets made by speculators.
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19 May, 2008| housingblogs |
@ 22:34