Senate passes Housing Bill

CNN Money has a reasonable overview of what is in the bill.

Permanently increase "conforming loan" limits. The bill would permanently increase the cap on the size of mortgages guaranteed by Fannie and Freddie to a maximum of $625,500 from $417,000

Is one thing in the bill I find fairly ridiculous. But, it's main component is a bailout for Fannie Mae,Freddie Mac.

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Permanently Increasing the price of homes

"Permanently increase "conforming loan" limits. The bill would permanently increase the cap on the size of mortgages guaranteed by Fannie and Freddie to a maximum of $625,500 from $417,000"

This permanently increases the price of homes, and permanently makes them less affordable to less affluent buyers.

And it proves that both parties in Congress and the Senate are "permanently" controlled by Corporations and the Wall Street Cosa Nostra.

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