By Christian Mullins
Executive Summary:
With a test vote of 76-10 in the Senate, the mortgage rescue bill moved one step closer to passing Monday. The heart of the bill is $300 billion Federal Housing Authority (FHA) program that will allow homeowners with shaky finances to refinance into a more affordable mortgage. Monday’s vote all but assures passage of the bill, even with a White House veto, which has been threatened due to several provisions within the bill. Final passage could come as early as this week.
International Summary:
- Nothing to report today.
Robbed:
- Nothing to report today.
They Fought The Law, And…
- In 1903, Theodore Roosevelt said, “Speak softly and carry a big stick; you will go far“. Monday morning, 31 year old Terrance Clark used Roosevelt’s Big Stick Diplomacy (and a big stick) to allegedly rob Dade County FCU in Miami, Florida. He left with about $7,500 in a vehicle. Police officers spotted the getaway car, and he was arrested after a ten minute chase. The stolen funds were recovered.
Posted by Christian Mullins 