The California state legislature enacted a series of bills aimed at protecting homeowners from banks and mortgage lenders. Banks are arguing it will only help a small number of homeowners, and hurt the rest by drying up credit, etc. Of course, all of us are touched by how much the banking industry cares for the plight of people trying to hold onto their homes.
Some Republicans that this is a bailout for mortgage holders who took reckless risks in buying homes they couldn't afford. No doubt, some of those folks (and maybe some speculators) will benefit from the protections in this package. But where were Republicans in opposing the huge bailout of Wall Street? Hypocrisy on parade, as usual.
The California state legislature enacted a series of bills aimed at protecting homeowners from banks and mortgage lenders. Banks are arguing it will only help a small number of homeowners, and hurt the rest by drying up credit, etc. Of course, all of us are touched by how much the banking industry cares for the plight of people trying to hold onto their homes.
Some Republicans that this is a bailout for mortgage holders who took reckless risks in buying homes they couldn't afford. No doubt, some of those folks (and maybe some speculators) will benefit from the protections in this package. But where were Republicans in opposing the huge bailout of Wall Street? Hypocrisy on parade, as usual.
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Four UC Davis alumni granted CCST fellowships
January 31, 2013
Four UC Davis graduates were selected for the California Science and Technology Policy Fellowship program for 2013. The fellows are appointed as advisors to the...
LIVE UPDATES: Proposition 28 Results
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March 21, 2013
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December 04, 2012
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October 24, 2012
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