On The Hill: $3 Billion Emergency Mortgage Assistance Plan Close To House Passage
OPS_admin | Dec 10, 2009 | Comments 0
A $3 billion emergency mortgage assistance program for unemployed homeowners –- authored by Rep. Chaka Fattah (D-Pa.) and based on a successful Pennsylvania program that Fattah helped create as a young state legislator -– could soon be approved by the House of Representatives.
“There’s broad agreement that a major threat to homeowners today is loss of their homes because of unemployment and job distress through no fault of their own,” Fattah says. “Our program is a game changer, especially for struggling homeowners in our cities and rural areas and for minorities. It will provide $3 billion in TARP funds for mortgage payments that will keep these families in their homes.
H.R. 3766 proposes to use unspent TARP (Troubled Asset Relief Program) funds to provide relief for distressed homeowners who are unable to meet their mortgage obligations due to financial hardship, as well as providing assistance to renters seeking affordable housing.
Full Story On The Hill: $3 Billion Emergency Mortgage Assistance Plan Close To House Passage.
Filed Under: Economy - Labor
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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