On October 3, 2008 the Emergency Economic Stabilization Act of 2008 was signed into law by President Bush after passage by the House and the Senate.
According to Richard Gaylord, President of the National Association of Realtors® (NAR), the bill may not be perfect; but many Realtors® believe several additions make the bill more favorable than the previous version. Raising the FDIC insurance limit and other measures are considered advantageous to protect taxpayers. Consumers may have faced dire consequenses, according to Gaylord, without passage of the bill.
The NAR, of which I am a member, will continue to work with Congress and the Administration to assure measures included in the bill are implemented quickly so the needs of Main Street - your needs - will be placed right up front.
