ON Nov. 6, President Obama signed the Worker, Homeownership and Business Assistance Act of 2009 into law, extending unemployment benefits by 20 weeks and renewing the first-time homebuyer tax credit until next April. Full Story »
Posted by Kaizar Campwala
A well-written, newsworthy story about a loophole in a new law that has brought "helicopter money" for home builders.This article discusses the role of lobbyists in securing tax breaks for home builders. Good sense of outrage without being unfair.
One can make an argument that throwing money at the banking system is necessary if we are to jump-start the economy. And banks need a bigger capital cushion to protect ... More »
Morgenson makes a decent case that lobbying money bought home builders huge sums of Federal money, that perhaps they didn't deserve. This piece needs comment by more sources.
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