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Thursday, June 5, 2008

Steven Preston confirmed as HUD scecretary

Just like Billy Preston joining the Beatles in their final hours before disbanding so has newly confirmes HUD Secreatary Steven Preston joined the Bush administration...from the AP:

The Senate late Wednesday confirmed President Bush's new housing secretary, elevating Small Business Administration Administrator Steven Preston to be the president's point man on the slumping housing market and the subprime lending crisis....Preston is likely to be lead negotiator as Congress and the White House work on legislation to allow the Federal Housing Administration to insure up to $300 billion in refinanced mortgages, including many in which the mortgages exceed the value of their homes.

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