Connect2Agent Forum

Connect2Agent Home

Real People

Recent Posts & Comments

Posts Tagged ‘emergency economic stabilization act’

$700 billion bailout - Lifesaver or Band-Aid?

Monday, September 29th, 2008

This week, the American public will witness another bill: The Emergency Economic Stabilization Act is up for vote in Congress to help American homeowners. A $700 billion bailout - here’s what I am hearing from media players that it will do:

  • “Help homeowners save their homes by giving them the ability to refinance into another loan”
  • “Save America from a financial crisis similar to the Great Depression”
  • “Restore consumer confidence in the economy”

So it’s all great news, everyone’s happy - right?

I have a few questions.

(more…)