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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (97878)5/25/2009 10:56:18 AM
From: jrhana1 Recommendation  Read Replies (2) of 116555
 
Mishedlo I really appreciate your efforts to inform us what can be done in this crazy economy to protect the rights of the small guy. You know the guy that wants to work and wants to pay his bills.

90 days notice is a reasonable period IMO. I was having nightmares about those 20 minute evictions. Hats off to Obama and congress for this at least.

From your link

<"Congress and President Obama have shown real leadership here. Tenants are innocent victims of the foreclosure crisis, and it is about time they get some relief," noted Dean Preston, Executive Director of Tenants Together. "This bill will provide tenants 90-days notice of eviction, require banks to honor leases, and protect section 8 tenants after foreclosure. We look forward to the day when banks stop evicting innocent tenants after foreclosure, but until that day comes, this federal legislation will provide much-needed time for tenants across the country to find new housing and relocate. Senator John Kerry (D-MA), Representatives Keith Ellison (D-MN), Carolyn McCarthy (D-NY), Michael Capuano (D-MA), and Barney Frank (D-MA), deserve special praise for their efforts on this bill, as does the National Low Income Housing Coalition, a nonprofit organization that has been advocating for these tenant protections for over a year.">

tenantstogether.org

I had hoped there was bipartisan support for this so I did some prodigious Googling After several failed attempts I found what I was looking for with: Helping Families Save Their Homes Act passed by Congress:

Senate: passed 54-0 by Democrats and 35-5 by Republicans

govtrack.us

House: passed 244-3 by Democrats and 133-51 by Republicans

govtrack.us

<Congress needs to stick to legislation that protects property rights and otherwise let the market heal itself. In due time it will, if only left alone.>

Well unfortunately, good luck with that one. IMO it is pretty inevitable that we are heading further into a European mixed socialism-capitalism system. I think the role of the Liberterian is best served by trying to make sure that at least some of the money spent actually goes to help some people that deserve help. Think watchdog for corruption.
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