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Personal Finance Newswrap: Housing Bill, Car Leasing, Big Brother Employers
A few of today’s big personal finance stories:
Bush Signs Housing, Economic Recovery Bill
FiLife Take: Bush approved the new housing law that aims to help struggling homeowners and better monitor government agencies. Among other things, the bill entails a $300 billion program to refinance loans for borrowers and it allows Treasury Secretary Henry Paulson to extend the credit lines of Freddie Mac and Fannie Mae. Read about it at the Wall Street Journal Online.
Drivers Prodded to Buy, Not Lease
FiLife Take: Here’s some bad news for those who like to lease their cars: Chrysler has decided to stop their auto-leasing business. General Motors and Ford look like they’re cutting back lease options too. If you still want to lease, read this Wall Street Journal article for options on what to do when Detroit’s Big Three end their programs.
Work at Home? Employers Watch
FiLife Take: You may be working from home in your PJs, but you better be careful — your company could be watching you! One of the growing trends for employers is to electronically monitor their work-at-home employees. Sue Shellenbarger reports on how they do so.
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