By DAVE CARPENTER, AP Business Writer Tue Jul 29, 11:02 PM ET
Questions and answers about the Hope for Homeowners Act of 2008, passed by Congress last weekend to try to steer as many as 400,000 struggling homeowners away from foreclosure:
Q: What exactly will the legislation do?
A: It will allow those who qualify to cancel their [...]

It looks like the bailout is coming from the Fed. Glad to see the speculators get bailed out. First the Fed comes out with the stimulus check and now this. Surveys showed that 92% of the people who received checks saved the money or paid off debt. So much for stimulating [...]