Spent a day this week in Poughkeepsie, New York, the Dutchess County seat, testifying in an arbitration hearing for a woman who made the same sad mistake I did — of hiring a particular contractor to renovate our houses. If you’ve never testified in a court proceeding, don’t. It is a nerve-wracking experience. You’re in the same room — in this case even sitting at the same table — as the person you despise, dredging up painful memories you’d rather forget. But all for a good cause. Got a bad contractor story? Then sit down right here next to me. We can commisserate.
Even with this and more going on, I was watching for news of the housing rescue bill making its way through Congress. The House has passed its version, now the bill is sitting in the Senate and may not go to a vote until after the 4th of July. Sen Christopher Dodd (D-CT) is not happy with the delay (and says he’s not exactly thrilled with the bill itself, but feels it’s a good compromise)– noting that more than 8,000 Americans enter foreclosure each day. The bill would offer government-backed help to homeowners with subprime loans in danger of losing their homes. So how do you see it? As a life preserver for the little guy, or a bailout for big banks?
Something to ponder as we head into the weekend.