In one of the newer bills to ooze out of the halls of Congress, a change in tax law amounts to providing bailouts to the large developers who fed the housing boom to the tune of hundreds of millions of dollars, when many of them are still in sound financial positions with plenty of cash on hand. It’s truly amazing how brazen the thieves have become; then again, it’s not like we can do anything to stop them… For a full analysis of the bill, check out this article from the NY Times.
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