House Approves Home Owner Stimulus Package

House Approves Homeowners Stimulus package just moments ago.

The Bill designed to help more than "400,000 strapped homeowners avoid foreclosure and preventing the collapse of troubled mortgage companies Fannie Mae and Freddie Mac".

The resounding vote helped solidify stability in the financial markets and specifically the stocks of Fannie Mae and FreddieMac

The now House approved lesgislation is on track to pass the Senate and become law within days.

I applaude the President for his support.

Most importantly,

As Secretary of Treasury , Henry Paulson said , "portions of this bill are orders of magnitude more important to turning the corner on the housing correction and supporting our markets and our economy"

Congratulations to the House of Representatives for not making this a Republicans or Democratic issue.

This is an American issue and a potential crisis that needs to be averted.