Republicans move to kill housing rescue programs

WASHINGTON (Reuters) – The Obama administration’s key housing market rescue programs landed on the chopping block on Thursday as a committee in the U.S. House of Representatives scheduled a vote next week to terminate them.

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1 COMMENT

  1. Another biased headline?

    These programs may have been well intentioned but they’re not working and, in reality, are making things worse,” the Alabama Republican [Spencer Bachus] said…

    Conservatives and liberals alike have criticized the program for being ineffective. Elizabeth Warren, the Harvard law professor who is leading the [Obama] administration’s efforts to set up an agency to regulate consumer financial products, last year likened the [mortgage modification] program to “bailing out the boat with a teaspoon while it takes on gallons of water.”

    Would somebody PLEASE start addressing issues honestly without the partisan spin???

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