Did George Bush create a law regarding interest rates for home loans?

3 Comments

• poolman4u03 says:

  November 18, 2008 at 10:13 am

  Powered by Yahoo Answers

  I don’t know if the law was passed, but the point was to freeze intrest rates for people with adjustable rate mortgages for a period of time.
• v b says:

  November 20, 2008 at 6:06 pm

  Powered by Yahoo Answers

  It wasn’t a law, it was a voluntary agreement with lenders.
  See the news article below:

  Call 1-888-995-hope for more information.
• TIna says:

  November 23, 2008 at 9:59 pm

  Powered by Yahoo Answers

  The Executive Branch (the President) does not create laws. Only the Legislative Branch (Congress and the Senate) can do that. The President has power to sign their bills into law or veto them.

  As for the law about home loans – I haven’t heard anything definite about that.