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Boy left in truck, dad goes to strip club
Obama: U.S.-Indian ties help define 21st century
Investigators: Ky. census worker committed suicide
Police say census worker committed suicide, staged it to look like a slaying
Pennsylvania nuclear reactor stops after 'unusual event'
3 airlines fined in Minnesota tarmac stranding
3 college lacrosse players accused of rape in Connecticut
South Carolina legislators begin gubernatorial impeachment hearings
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2 men shot during party in Fairlawn
Cancellation of Christmas not an option
Akron man killed in crash on his street
Several people hurt in Akron crash
Victim of beating in Kent last week is declared dead at Akron hospital
Akron Children's Hospital CEO, wife announce $1 million gift to support research
Police: Pennsylvania man killed misbehaving puppy before Steelers game
Akron Circle K store robbed for second time this month
KSU suspends basketball player
Police accuse bank robbery suspect of gobbling up note (with dashcam video)
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A Dog Named Christmas – Pet for the Holidays
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Of pass interference and alleged "fake" injuries
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No. 1 Akron to play Stanford next
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Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Audio: Mangini disputes Poteat call, accuses Lions of faking injuries
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Flashes travel to Florida Atlantic
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Gameblog: Cavs vs. Philadelphia 76ers
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Buckeye Football – Present and Future
Varsity Letters:
Gulley to visit Central Michigan in December
All Da King's Men:
The Onion, By Any Other Name…
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Glaring Contradictions
Akron Law Café:
Don't Try to Have Fun if you are Depressed
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Vintage Chic
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What Automotive Thing Are You Thankful For?
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Faye Dunaway to be Evicted?
Ohio Travels with Betty:
Monique asks how to get tickets for the Polar Express.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
Personal Rant – Why I am Glad I live in NEO
Akron Gamer:
Nintendo's Mario endures even as games come and go
Deal bolsters support of Freddie and Fannie. Bush drops opposition
Published on Thursday, Jul 24, 2008
Associated Press
WASHINGTON: Rescue legislation sailed through the House on Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and preventing the collapse of troubled mortgage companies Fannie Mae and Freddie Mac.
The 272-152 vote was part of an election-year push to help struggling borrowers and to reassure jittery financial markets about the health of two pillars of the mortgage market.
Reps. Steven LaTourette, R-Concord Twp.; Tim Ryan, D-Niles and Betty Sutton, D-Copley Twp., voted in favor of the bill. Rep. Ralph Regula, R-Navarre, voted against it.
Hours before the vote, President Bush dropped his opposition to the measure, which now is on track to pass the Senate and become law within days.
The White House swallowed its distaste for $3.9 billion in grants for devastated neighborhoods. In return, the administration got both the power to throw Fannie Mae and Freddie Mac a lifeline and the legislation Republicans long have advocated to rein in the government-sponsored mortgage companies.
Treasury Secretary Henry M. Paulson and lawmakers in both parties negotiated the final deal. It accomplishes several Democratic priorities, including aid for homeowners, a permanent affordable housing fund financed by the two mortgage companies and the money for hard-hit neighborhoods. The grants are for buying and fixing up foreclosed properties.
''It is the product of a very significant set of compromises,'' said Rep. Barney Frank, chairman of the House Financial Services Committee. ''We are dealing with the consequences of bad decisions and inaction and malfeasance from years before,'' said Frank, D-Mass.
Paulson said he would push for enactment of the bill by week's end. Despite disappointment with some items rejected, he said ''portions of this bill are orders of magnitude more important to turning the corner on the housing correction and supporting . . . our economy.''
Get the full article here.
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