Tag Archives: veto

Yisroel Pensack: Tax-Increment Financing for Transit Vetoed by Gov. Schwarzenegger

California Assembly Bill 338 (TIF for TOD) was vetoed by Gov. Arnold Schwarzenegger on Oct. 11. “This bill would eliminate voter approval requirements for the creation of an Infrastructure Financing District (IFD) and the issuance of tax allocation bonds by … Continue reading

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Refinance Crisis: San Jose Mercury News Urges Government Intervention

Who knows what the right price for a home is? Why do these people feel the government should intervene to shore up real estate prices? Yes, the economy has problems, but how do we know that government intervention will make … Continue reading

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Refinance Bill – Little Cost, Little Help

CNNMoney estimates that only 325,000 home owners would be helped by Barney Frank’s bill. The CBO estimates the price tag at less than $2 billion. Senator Dodd is working on a similar bill. President Bush promises a veto. Ben Bernanke … Continue reading

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House To Get Rescue Bill

Will Republicans support it? Barney Frank pushed it. Barney’s not normally a Republican favorite. President Bush doesn’t want to sign a massive bailout. Why should the financially prudent bail out those who gambled and lost? That makes no economic sense. … Continue reading

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