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Oct 03, 2008

House Relents, Approves ‘Financial Rescue’

Photo by afagen Remember Monday, when the U.S. House refused to pass a $700 billion bailout package and everyone kinda freaked out? Well a little less than an hour ago they came together for another vote, this time on the Senate’s version of the deal, and voted for it. We can’t help but feel like the strangest part about the affirmative vote is not actually that it happened, but that even though it probably…

Sep 29, 2008

Bailout FAIL!

The U.S. House has voted down the bailout package, 205-228. By and large, Republicans voted against the bill, while Democrats voted for it, though the Democrats voted for it by a rather small margin. The Dow Jones Industrial Average has already dropped more than 500 points, just shy of five percent, since the news broke. Presumably, the House leadership will start working on a new bill, but given that the Republicans wouldn’t vote for…

Jul 22, 2008

What’s That Line Around the Capital Hilton?

It’s blazing hot outside, so a long line snaking outside the Capital Hilton since this morning couldn’t help but engender some curiosity – and sympathy – from onlookers. Turns out the line waiters are here for the free, five-day long “Save the Dream of Homeownership” event hosted by the Neighborhood Assistance Corporation of America. Michelle Singletary explained the event last week, which invited homeowners in danger of foreclosure to come to D.C. and meet with…

 
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