2011-11-20washingtonpost.com

"So why did Congress pass a law that extends the higher FHA loan limits, and why did President Obama sign it Friday morning? Well, there's real estate, and people who sell it, in every congressional district. The real estate lobby, and its supporters in both parties on Capitol Hill, tucked this profoundly unwise measure into a must-pass appropriations bill that included funds to keep the government running through Dec. 16. Administration officials protested, but given the bill's importance, Mr. Obama did not go to the mat."



Comments: Be the first to add a comment

add a comment | go to forum thread