Sunday, February 08, 2009

Summers: $50 billion for housing markets

Summers: At least $50 billion in Treasury plan for housing markets - Politico.com

"The focus is going to be on increasing the flow of credit and doing it with transparency, with accountability for those that receive support and with a kind of consistency that frankly we haven't seen so far," he said. "There will be support for the credit markets more generally and absolutely critically, support and pressure that assures that these needless foreclosures are avoided...I expect there will be 50 billion dollars or more that will be directed at providing support for the housing sector of our economy."

Pasted from my iPhone!
http://pastebud.com

Remember when the reason for the first stimulus package was to help folks struggling with their mortgage payments? At least that seems as how it was sold to us.

Kind of funny that we have spent most of the money on everything other than that.