Dissing/Praising the Recent Housing Bill

This post is not meant to be a fair rendering of the recent housing bill.  It is meant to be a rendering of its faults.  Part of the difficulty here is the effort that would go into reading page-by-page the whole document.  My guess is relatively few legislators read the full document, and even staffers would have had a hard time making their way through it. Now for “unbiased” renderings, I offer you: NPR MarketWatch Associated Press The basic rendering of the bill revolves around the following: Help to Fannie Mae and Freddie Mac from the Treasury if they need it.  (Together with a supposedly stronger regulator) Refinancing help for homeowners under stress from the FHA. Grants for municipalities to buy abandoned properties. Housing tax breaks, including a credit to first time buyers. Money for pre-foreclosure counseling and legal services. Some profits from Fannie and Freddie will build affordable rental housing.  (They already do thisR...