News Formal

Merkley Bill Aims to Dismantle Hedge Fund Stranglehold on Housing Market

  • 📰 commondreams
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

'The housing in our neighborhoods should be homes for people, not profit centers for Wall Street,' said SenJeffMerkley.

rent and mortgage rates, U.S. Sen. Jeff Merkley on Wednesday unveiled legislation intended to stop major Wall Street investors and hedge fund predators from continuing to exacerbate the nation's housing crisis."Everyone should have a safe, affordable place to call home," the Oregon Democratin a statement."In every corner of the country, giant financial corporations are buying up housing and driving up both rents and home prices.

"While some of our housing challenges, including a supply shortage, will take years to remedy," the document states,"others can be addressed immediately, including a strong ban on hedge funds owning and controlling large parts of the American housing market." To ensure this tax penalty focuses on problematic actors, this legislation excludes nonprofit organizations, public housing agencies, and other government entities as well as home builders.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 530. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

SenJeffMerkley What business do homes have been part of any 'hedge'? That it's Senator Merkley leading the way isn't surprising. He's an Oregonian.

SenJeffMerkley Great plan. Let’s see some action before GOPPartyOfDeath takes over the House. GetHedgeFundsOutOfHousing AbortHedgeFundHousing SenSchumer SenateDems SpeakerPelosi HouseDemocrats

SenJeffMerkley Odds of this passing? 0%

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Stock Market Today: Dow Gains Over 700 Points After Fed Chair Powell's SpeechStocks rallied, with the Dow rising more than 700 points to exit a bear market
Fonte: WSJ - 🏆 98. / 63 Leggi di più »

Federal Reserve chair signals slowdown in rate hikes, stocks rally on Wall StreetWall Street closed out a solid November with a broad market rally Wednesday after the head of the Federal Reserve said the central bank could soon begin easing up on its aggressive interest rate increases aimed at taming inflation.
Fonte: DenverChannel - 🏆 239. / 63 Leggi di più »