Summary of the housing bill expected to be signed into law.....

According to reports President Bush has dropped his opposition to the housing bill which is expected to be voted on today in the House of Reprsentatives. Now that the White House backs the legislation it is expected that this bill will come into law later this week or early next week.

After reviewing mutliple articles about the new law in the WSJ, NY Times, & Bloomberg I have recorded the video below which summarizes a few key points.