Fine print in housing bill mutes benefits to consumers - MarketWatch
As usual, lawmakers seem to have wasted huge resources creating laws that will not benefit citizens or the country's economy. It seems to me the main beneficiaries will be banks and mortgage lenders.
One of the highlights of the housing bill waiting to be signed by President Bush is a tax credit of up to $7,500 for first-time home buyers. But read a little closer and it doesn't seem quite as appealing for buyers: that credit has to be paid back.
As usual, lawmakers seem to have wasted huge resources creating laws that will not benefit citizens or the country's economy. It seems to me the main beneficiaries will be banks and mortgage lenders.
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