Fannie, Freddie enact mortgage moratorium
Fannie Mae and Freddie Mac have told mortgage services to halt foreclosure sales on owner-occupied homes between Nov. 26 and July 9, 2009. <p><a href="http://feeds.bizjournals.com/~a/bizj_washington?a=FRyoKW"><img src="http://feeds.bizjournals.com/~a/bizj_washington?i=FRyoKW" border="0"></img></a></p><div class="feedflare"> <a href="http://feeds.bizjournals.com/~f/bizj_washington?a=d1ntN"><img src="http://feeds.bizjournals.com/~f/bizj_washington?i=d1ntN" border="0"></img></a> <a href="http://feeds.bizjournals.com/~f/bizj_washington?a=Sz9yn"><img src="http://feeds.bizjournals.com/~f/bizj_washington?i=Sz9yn" border="0"></img></a> <a href="http://feeds.bizjournals.com/~f/bizj_washington?a=lweTn"><img src="http://feeds.bizjournals.com/~f/bizj_washington?i=lweTn" border="0"></img></a> <a href="http://feeds.bizjournals.com/~f/bizj_washington?a=NRzbN"><img src="http://feeds.bizjournals.com/~f/bizj_washington?i=NRzbN" border="0"></img></a> </div>
Sandy Spring Bank gets $83M TARP infusion
Sandy Spring Bancorp Inc., the parent company of Sandy Spring Bank, has been notified by the Treasury Department that it will be getting a capital infusion of up to $83 million through the Troubled Asset Relief Program, the company announced today. <p><a href="http://feeds.bizjournals.com/~a/bizj_washington?a=7ULDTq"><img src="http://feeds.bizjournals.com/~a/bizj_washington?i=7ULDTq" border="0"></img></a></p><div class="feedflare"> <a href="http://feeds.bizjournals.com/~f/bizj_washington?a=zNKQN"><img src="http://feeds.bizjournals.com/~f/bizj_washington?i=zNKQN" border="0"></img></a> <a href="http://feeds.bizjournals.com/~f/bizj_washington?a=9KWzn"><img src="http://feeds.bizjournals.com/~f/bizj_washington?i=9KWzn" border="0"></img></a> <a href="http://feeds.bizjournals.com/~f/bizj_washington?a=svRcn"><img src="http://feeds.bizjournals.com/~f/bizj_washington?i=svRcn" border="0"></img></a> <a href="http://feeds.bizjournals.com/~f/bizj_washington?a=35VIN"><img src="http://feeds.bizjournals.com/~f/bizj_washington?i=35VIN" border="0"></img></a> </div>


Speaker Fabian Nuñez feels that President Bush is using this great state of ours like an ATM -- we pay it in and he takes it out. Our taxes should actually be redirected to health care, education, and homeland security. All of which are very important issues that need to be dealt with within California. Nuñez believes that if the funds are there, then California should get what it is owed and it would go a long way towards putting California's fiscal situation back on track.

As of now, California has the largest deficit in the U.S. in total dollars. Are there unfair practices in force here? In Washington D.C., when referring to California, the acronym “ABC” is used: “Anywhere But California”. This is where tax politics start to get a little complicated. California was short-changed when funding for the military was trumped by what was spent on the State defense and the aerospace industry. A lot of our funding is based on formulas that don't work in our favor.

Californians are younger than the average age in other states which means California brings in a higher income. California has become a donor state for Social Security but is short on welfare funding. Either way we (Californians) are in a hole. California Democrats Diane Feinstein and Barbara Boxer have a few ideas of their own. They believe that there could be a change in the way California's taxes are being dispersed if Democrats took control of one or both of the houses in the November election. They have also said that they themselves should be able to figure out a way to squeeze a dollar or two out of their colleagues and then get the States Congressional Delegation to support them.

Article Source: http://www.article-matrix.com

“Your” Money Matters By Carl HamptonFrom the Author of “From Credit Despair To Credit Millionaire”www.CarlHampton.comwww.fcdtcm.com

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