Friday, July 25, 2008

Madam Foxx Votes No on Foreclosure Prevention Act

No surprise.

The Foreclosure Prevention Act of 2008 is designed to help 400,000 homeowners avoid foreclosure. The bill also includes a federal bailout for mortgage giants Fannie Mae and Freddie Mac.

Virginia Foxx voted no, blaming the victims of mortgage scams for being victims. You should have known better. So what if you lose your house? Some packing crates make excellent shelter.

The bill passed in the House anyway, 272-152, and El Presidente says he'll sign it.

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