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Broad impact: "This troubled asset purchase program on its own is the single most effective thing we can do to help homeowners, the American people and stimulate our economy." In his testimony before the U.S. Senate on September 23, 2008, Fed Chairman Ben Bernanke also summarized the rationale for the $700 billion (~$973 billion in 2023) bailout:
Pennsylvania Insurance Department Commissioner Michael Humphreys said less that 1% of all homeowners have flood insurance, and even homeowners that recently purchase insurance may not know that ...
The Japanese government introduced the first electric vehicle incentive program in 1996, and it was integrated in 1998 with the Clean Energy Vehicles Introduction Project, which provided subsidies and tax discounts for the purchase of electric, natural gas, methanol and hybrid electric vehicles.
The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.
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The state now says the company hired to run it botched management of the program from the start. Thousands of homeowners still at risk as Pa. alleges improper denials, delays in mortgage relief ...
Counties with home rule charters. Counties with a home rule charter may design their own form of county government, but are still generally subject to the County Code (which covers first-, third-, fourth-, fifth-, sixth-, seventh-, and eighth-class counties) or the Second-Class County Code (which covers second-class and second-class A counties ...
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