BOHICA indeed.
And what is INFURIATING is that the leftists (Bawney’s Fwank and his boys and girls club) NEVER CHANGED THEIR MORTGAGE-LENDING PRACTICES AFTER THE SUBPRIME BLOWUP LAST YEAR.
They simply changed operations from Fannie and Freddie to FHA.
THE GOVERNMENT IS DOING THIS AS A BACKDOOR APPROACH TO PURCHASING RESIDENTIAL REAL ESTATE AT ROCK-BOTTOM PRICES.
Fannie and Freddie already own over half the mortgages in this country.
WAKE UP AMERICA, WE ARE BEING TAKEN OVER BY GLOBAL SOCIALISTS/OLD-STYLE COMMUNISTS. WAKE UP EVERYONE YOU KNOW.
They don’t care because they are transferring wealth from the middle class, which they despise, to the favored minorities, who they wish to keep enslaved and dependent on the government and, therefore, beholden to them and keep them in power.
BTW, would Odysseas Papadimitriou be just about the most Greek name you ever saw?
FHA is already siphoning off the stimulus package. My husband was auditing an elderly housing complex when he found the gov wanted a report for the money sent to them through the stimulus. The complex never received any money. It went to FHA first, the burden of a report was passed on to another entity, and ended up at the complex. No one knows where the money went. Now, the complex has to come up with a bogus report to get it all sorted out. Apparently, FHA used the money to pay off old debts, but the complex has to make out a report about how the money was used by them.