Language Arts Homework: All students were given a research assignment on 12/11-12/14.
The topic to be researched is one that has to deal with survival and ones ability to exist in ones home. A house or a roof over our heads is at the core one of the most essential means to life second only to food.
In our current world people are loosing their houses to foreclosures. People are being forced to the streets. Adjustable rates are going up and people who have them are now feeling the hit of more than $500. per month raises in their monthly house payments to banks and other lenders.
I want you to research every aspect of this crisis. President Bush issued a statement concerning this issue a few days ago. Senator Clinton recently issued a statement regarding this crisis. The Federal Government issued a statement to all lenders and banks regarding lending practices. The government will issue a freeze on Mortgage rates for the next five years.
Read your text book read pages 818-824 and pages R51-R55.
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