Yes, you heard it.  Barack Obama asked Bush to implement the release of the $350 billion financial bailout to be sooner than later.  This request was recently confirmed by Dana Perino, the White House Press secretary.  These are some of the things to help aid the transition from the Bush administration to the new Obama team. 

     Both presidential figures are working with Congress on how and went to release all of our money.  With three different parties involved and most of their beliefs are different this may be interesting to see the time frame on this one.  So by January 20 when Obama takes the office the money should be available but again that's only a projection.  Now it seems that many have spoken against this bailout due to the financial institutions that are involved have not stepped up on rectifying their past errors.

 

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John Kim

Irvine, CA

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Orange County CA Loan Modification & Short Sale Processing

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