Posts Tagged ‘Bank lending rates’

Congress Passes the $700 B Bailout bill

October 4, 2008

Congress finally got a Bailout bill passed. It is no longer the 3 page proposal from the president. It is now a Book full of pork and sweeteners but at least we got something done for a change. It should begin to ease the credit crunch and ease the fears in the world economic markets!! More information will follow this weekend.Lending should improve and  rates for mortgages, reverse Mortgages and auto, and business loans should get easier to get and rates should decrease a little bit.