polifrog
If the vote counts are any indication congress has learned nothing from their mistakes. They create a housing bubble and when it deflates they continue pumping. Polifrog addressed this bill when it was known as HR 5409 here.
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If the vote counts are any indication congress has learned nothing from their mistakes. They create a housing bubble and when it deflates they continue pumping. Polifrog addressed this bill when it was known as HR 5409 here.
Today the House of Representatives approved an amendment to H.R. 5297, the Small Business Lending Fund Act of 2010, offered by Rep. Joe Baca (D-Rialto) and Rep. Brad Miller (D-NC). The amendment, which passed with an overwhelmingly bipartisan vote of 418 - 3, ensures that small and medium sized banks issuing housing production loans to America's home builders are eligible for additional capital under the new Small Business Lending fund the bill creates.Insanity - doing the same thing expecting different results. Keynesian fail.
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