Dec
14
Did George Bush create a law regarding interest rates for home loans?
By
Last I heard, George Bush passed a law regarding interest rates for home loans. Can someone explain to me?
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3 Comments
December 16th, 2009 at 5:31 pm
I don’t know if the law was passed, but the point was to freeze intrest rates for people with adjustable rate mortgages for a period of time.
December 18th, 2009 at 5:45 am
It wasn’t a law, it was a voluntary agreement with lenders.
See the news article below:
Call 1-888-995-hope for more information.
December 19th, 2009 at 8:16 pm
The Executive Branch (the President) does not create laws. Only the Legislative Branch (Congress and the Senate) can do that. The President has power to sign their bills into law or veto them.
As for the law about home loans – I haven’t heard anything definite about that.