Last Minute Fight Against Bailout Pork

Last Minute Fight Against Bailout Pork

By  Lagan Sebert on Oct 03, 2008

Republican congressman Steven LaTourette proposed an amendment to the bailout package on Thursday, October 2, that would strip the pork out of the senate's bailout bill and limit the immediate bailout to $250 billion. LaTourette and more than a dozen colleagues who originally opposed the bill promised to vote for the bailout if the amendment was accepted. It was not.

House Rejects Bailout Despite Pressure

House Rejects Bailout Despite Pressure

By  Lagan Sebert on Sep 29, 2008

The $700 billion bailout plan came to a vote in the House of Representatives after a week of intense debate. Though both Democratic and Republican leadership called on their colleagues to support the bill, it failed by 23 votes. The debate gave those in opposition a chance to voice their opposition to this historic bill, and called for renewed negotiations on the same day the stock market plunged.

Pain on Main Street

Pain on Main Street

By  Garland McLaurin on Sep 25, 2008

While lawmakers negotiate on Capitol Hill over the $700 billion-taxpayer bailout for banks and lenders on Wall Street, the foreclosure machine continues to crush homeowners caught in the mortgage crisis. Beyond the politics of Washington, one thing seems clear to many homeowners on the verge of foreclosure, there is no significant relief in sight from the government or Wall Street.