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Essay

Legislation to Solve the Sub-Prime Lending Debachery

Essay specific features

 

Issue:

Business

 

Written by:

Nicholas C

 

Date added:

June 24, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 666

 

Was viewed:

6813 times

 

Rating of current essay:

 
Essay content:

It seems the government not only realizes the tremendous impact that all of this has on the economy, but also to the individual. The article “The Plans to Save Underwater Loans,” by Jane Sasseen, informs us of some steps being taken in Washington, and legislation that is underway, that will hopefully bring aid to all of those suffering, from home and business owners to the lenders themselves...
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In fact, there are a few different proposals on the Congress floor at this time that are intended to provide relief to the housing sector. Senators Christopher Dodd and Richard Shelby are backing a housing stimulus package that includes a $7000 tax credit for those buying a home in default or foreclosure, a $10 billion increase in the value of bonds a state can issue to help borrowers refinance, and tax-credits for money-losing homebuilders and other businesses...
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General issues of this essay:
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