The Senate is one step closer into approving a directive for the provision of finances to fix the mortgage market which has crashed and led to the financial troubles plaguing America today. The effects were so devastating; some cities like Irvine (the Sub-Prime Lending Capital of America) lost a total of 2% to unemployment when sub-prime lending firms went bankrupt. The problem spread so fast people didn’t have time to react. Most people there are still dumbfounded about the matter and more than 4,000 jobs in the said area of business were suddenly sent to unemployment lines. The package would include measures that gives judges the authority to cut interest rates in order to cap problems preventing them \from spinning out of control as they did late last year.

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