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About That Housing Bill ...

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It totally passed in the House, as per predictions— 39 Republicans even broke ranks to sign the bill which, if passed, will tweak the Federal Housing Administration's policies in order to help 500,000 borrowers who are in various levels of deep shit. Says the White House: "House Democrats passed bills that they know will never become law ... Most Americans understand that we shouldn't create a taxpayer-funded bailout for lenders and speculators." We're standing by as Bush sharpens his veto quill. [Reuters]