This is guarantees more fraud, corruption, defaults, bailouts and on and on. It is Obama’s way to wipe out the middle class.
I can’t read this sh*t anymore. Grab the handle and pull down....
“This is guarantees more fraud, corruption, defaults, bailouts and on and on. It is Obama’s way to wipe out the middle class.”
Actually, I think it’s his way of kicking the can down the road until after Nov 2010. He’s looking at the polls and they are leaning to big R pickups in congress. The CCI is way down this month, which means people are finally figuring out how grim things are despite all the media happy talk. That means the recession deepens from now til the election unless you can take a bunch of foreclosures and push them off until after 2010. It probably does anyway; but this smacks of desperation in response to the jump in treasury rates and home mortgages—the feds are losing control of interest rates.
Not a good situation if you want to keep 60 senate seats. Desperate times call for desperate measures and all that.