Bailout provides little help for homeowners

The historic $700 billion bailout of the American financial services industry signed into law Friday provides few solid assurances of help to struggling U.S. homeowners, housing observers and advocates agreed. "We feel that this bill does nothing for homeowners," says Kathleen Day, spokeswoman for the Center for Responsible Lending, a nonprofit research and advocacy group. "This is what homeowners will get out of this bill: higher taxes and a continued erosion of home values because this bill… More information...

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