Housing Foreclosure Bill HR-3221 (Housing Bailout) Passed

HR 3221 was passed by the house late yesterday. To see how your party voted click here.

It does not appear that the president will Veto this bill allowing the tax payers to be responsible for bad bank loans and irresponsible borrowers.

If you object to this legislation, now is the time to contact your representative. Contact information can be found for most state representatives here.

1 comment

  1. ReplyW. Hall

    There are those who claim HR 3221 will become effective on October 1, 2008, and others who claim the Bill will become effective on January 1, 2009. If the latter is correct this means that many more individuals will be facing foreclosure… why is it this remedy will save the homes of so many, but no one seems to know when it becomes effective????

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