That's a fantastic speech. I have been wondering where these guys are. Not that it matters. He won't make a dent on how things go from here. We need this bill I think, but its to fix the prior screw ups. I wish congress would learn from its mistakes, but no chance. I heard an ad today that the FHA loans have actually just increased to $271k. So if you have bad credit, give 'em a call. No kidding, that ad ran today on Houston radio. Bad credit, no money down, middle of the biggest financial crisis since great depression, businesses shutting down because the cannot get financing, po' folks can still get FHA loans to $271k.
Not one proposal in the bill says anything about cutting back on the loans that got us into this mess. In fact, the new one actually protects these loans.