AZ Real Estate Commentary

House Approves Financial Rescue Plan in 263 to 171 Vote

After days of deliberation, the House of Representatives voted in favour of the Emergency Economic Stabilization Act of 2008 on Friday in a vote of 263 to 171, allowing the deployment of up to $700 billion to purchase illiquid assets from financial entities.

The bill now awaits the signature of U.S. President George W. Bush, who said he was eager to sign the bill as soon as possible.  Click here for the full story.


Posted by Ron Stalzer on October 4th, 2008 6:44 AMPost a Comment (0)

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Ron Stalzer is an Appraiser and REALTOR, earning the prestigious RAA designation


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