More News!

Yesterday I updated everyone on the status of Senate action on a foreclosure relief bill to be worked into some form of relief along the lines of the Frank bill from the House. Later yesterday, the Senate Banking Committee passed its version of the bill I discussed by a vote of 19-2, with all the Republican members except Bunning of Kentucky and Enzi of Wyoming voting to pass it. It will provide a large amount of foreclosure relief along the lines I discussed yesterday, and now goes to the full Senate for a vote, probably sometime in the next month or so. While the White House hasn't said what they intend to do about the Senate version, other than they don't like it, they have specifically threatened a veto of the Frank bill.

Solution for you: WRITE TO YOUR CONGRESSMAN AND SENATORS!!