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Senate Moves Toward Mortgage-Aid Bill
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The Senate Banking Committee on Tuesday is expected to pass a bipartisan measure that creates a $300 billion loan guarantee program to refinance distressed mortgages and slow a rising national tide of foreclosures. A late-hour compromise, reached Monday, is expected to smooth its passage through the full Senate floor and on to President Bush. (McClatchy [1], Tuesday)
What will the unintended consequences be?
FEE Timely Classic
Why Laws Backfire [2] by Marisa Manley
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/senate-moves-toward-mortgage-aid-bill/
URLs in this post:
[1] McClatchy: http://www.mcclatchydc.com/251/story/37688.html
[2] Why Laws Backfire: http://www.fee.org/publications/the-freeman/article.asp?aid=4080
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