Shelby
Posted at 8:51am on Apr. 3, 2008 Mortgage Relief: Senate Republicans Blink
An FHA Expansion coming?
By blackhedd
Following up my story here on the movement in the Senate Banking Committee to come up with mortgage-relief (read, bailout) legislation: the Republicans blinked.
Under what appears to have been pressure from Republican leadership, Senator Richard Shelby of Alabama, the ranking minority member on the banking panel, made a deal with Senator Dodd of Connecticut to accept preliminary steps in the direction of a legislated mortgage bailout.
Much more…
