Bush signs housing bill in private... no ceremony

[240 is Back]

With none of the fanfare that usually attends a landmark bill becoming law, President Bush signed the huge housing rescue bill just after 7 a.m. Wednesday, shortly after he arrived in the Oval Office.

Only a few aides and administration officials were present, including Secretary of Housing and Urban Development Steve Preston and James B. Lockhart III, the director of the Federal Housing Finance Agency.

The White House announced the signing by e-mail moments later.

The bill, the biggest overhaul of housing law in decades, provides a lifeline for an estimated 400,000 homeowners facing foreclosure, and provides assurances to the mortgage giants Fannie Mae and Freddie Mac, whose books are loaded with bad mortgages.

Usually such a bill signing is accompanied by a self-congratulatory ceremony, with souvenir pens for congressional leaders and for members, senators and chairmen who spearheaded the legislation.

[TerminalPower]

With none of the fanfare that usually attends a landmark bill becoming law, President Bush signed the huge housing rescue bill just after 7 a.m. Wednesday, shortly after he arrived in the Oval Office.

Only a few aides and administration officials were present, including Secretary of Housing and Urban Development Steve Preston and James B. Lockhart III, the director of the Federal Housing Finance Agency.

The White House announced the signing by e-mail moments later.

The bill, the biggest overhaul of housing law in decades, provides a lifeline for an estimated 400,000 homeowners facing foreclosure, and provides assurances to the mortgage giants Fannie Mae and Freddie Mac, whose books are loaded with bad mortgages.

Usually such a bill signing is accompanied by a self-congratulatory ceremony, with souvenir pens for congressional leaders and for members, senators and chairmen who spearheaded the legislation.

Another idiotic move by Bush what a fake conservative.

[youandme]

Another idiotic move by Bush what a fake conservative.

He's changed his policies to help McCain the last few weeks.

[240 is Back]

Bush is a lib.   He took $100 bil to bail out banks.  Now he's bailing out idiots who bought houses beyond their means.

Socialism, anyone?  We don't need Obama.  we have it already

Maybe if I get drunk and wreck my car, bush will reward me with a new one?

[TerminalPower]

He's changed his policies to help McCain the last few weeks.

I don't know man, he is big spender too...this guy has been good on the war on terror but not much else.  This kind of shit really bugs me.  It's just a bad precedent to intiate, I want to help people too but how the hell do you chose the 400k home owners?  There are many people who are on the brink that can't didn't fuck up bad enough to qualify, just plain stupid imo.

I hear ya though.

[Hugo Chavez]

He's changed his policies to help McCain the last few weeks.

Does that even make any sense with what he posted lol.

[TerminalPower]

Bush is a lib.   He took $100 bil to bail out banks.  Now he's bailing out idiots who bought houses beyond their means.

Socialism, anyone?  We don't need Obama.  we have it already

Maybe if I get drunk and wreck my car, bush will reward me with a new one?

Yea yea...I can't argue that, it is a sad but true fact.

[Hugo Chavez]

Bush is a lib.   He took $100 bil to bail out banks.  Now he's bailing out idiots who bought houses beyond their means.

Socialism, anyone?  We don't need Obama.  we have it already

Maybe if I get drunk and wreck my car, bush will reward me with a new one?

possibly the single worst post you've ever made

[24KT]

Bush is a lib.   He took $100 bil to bail out banks.  Now he's bailing out idiots who bought houses beyond their means.

Socialism, anyone?  We don't need Obama.  we have it already

Maybe if I get drunk and wreck my car, bush will reward me with a new one?

No chance of that. you have to come from a rich, powerful connected family to get them perks.

You might have gotten a new car, your record expunged, ...and maybe one day ...become POTUS,






...that is, ...if you came from a rich connected family.

Don't get drunk and wreck your car, ...your ass would simply go to jail like the rest of us slobs.  

[TerminalPower]

possibly the single worst post you've ever made

LMAO...240 must be a conservative...

[240 is Back]

possibly the single worst post you've ever made

Bush allowed predatory lending, but these idiots chose to sign those loans.  I was sitting on $16k in 2003, and the woman and family was bugging me to go put down a down payment on a house, and I said hell no... and I'm glad I didn't... because the neighborhood has gone to shit here, and people can't sell anything.  There are 6 foreclosed homes on my street. 

[Hugo Chavez]

Bush allowed predatory lending, but these idiots chose to sign those loans.  I was sitting on $16k in 2003, and the woman and family was bugging me to go put down a down payment on a house, and I said hell no... and I'm glad I didn't... because the neighborhood has gone to shit here, and people can't sell anything.  There are 6 foreclosed homes on my street. 

Liberals did it

[Hugo Chavez]

LMAO...240 must be a conservative...

I have it on good account that he is actually a communist spy.

[240 is Back]

I have it on good account that he is actually a communist spy.

I'm all about the Antarctic Union.

[Hugo Chavez]

I'm all about the Antarctic Union.

SEEEEEE  I KNEW IT!!!!

[youandme]

I don't know man, he is big spender too...this guy has been good on the war on terror but not much else.  This kind of shit really bugs me.  It's just a bad precedent to intiate, I want to help people too but how the hell do you chose the 400k home owners?  There are many people who are on the brink that can't didn't fuck up bad enough to qualify, just plain stupid imo.

I hear ya though.

Worse yet, what about the people that did hold on. The precedent taking place, really screws up the free market.

[youandme]

Does that even make any sense with what he posted lol.

What, did you cash in your food stamps to go to the bar tonite?