Posted on 08/27/2013 2:06:03 PM PDT by Hojczyk
CNSNews reports the following:
The U.S. government will fund $313 million in home mortgages for Palestinians living on the West Bank, according to a Government Accountability Office report released Monday.
The U.S. will also guarantee $110 million in loans to small- and medium-sized businesses located on the West Bank.
The mortgage and business-loan activities will be conducted by the federal Overseas Private Investment Corporation (OPIC). “OPIC is the U.S. Government’s development finance institution,” says OPIC’s website. “OPIC provides financial products, such as loans and guaranties; political risk insurance; and support for investment funds, all of which help American businesses expand into emerging markets.”
The GAO report released Tuesday described some of the actions OPIC is taking in the emerging market of the Palestinian territories.
“U.S. agencies and implementing partners participate in various programs with the Palestine Investment Fund (PIF) or PIF-owned entities that include home mortgage financing, loan guarantees, and educational initiatives,” says the report. “First, the Overseas Private Investment Corporation (OPIC) along with PIF and other entities have committed to lend $485 million to the Affordable Mortgage and Loan Company (AMAL) to support mortgages for low- and medium-income borrowers in the West Bank.
(Excerpt) Read more at thegatewaypundit.com ...
reset.
, but he won’t do that for Americans.
This article is literally impossible, because Hamas will not allow the payment of interest, which is Haram in Islam.
Therefore, these are not loans.
They are potentially repayable grants.
What could possibly go wrong?
From whence does this office come by the authority to give away our money to foreigners?
OMG!!! WTF???
Obama’s HAMP Program a Stunning Success
Obama had lofty goals of helping 4 million Americans keep their homes with his Home Affordable Mortgage Program (HAMP).
Here are some quick facts:
HAMP modified 1.2 million mortgages (70% less than the target)
306,000 re-defaults
Another 88,000 at risk
The re-default rate is an alarming 30%
The re-default rate of those in since 2009 is 46%
http://www.freerepublic.com/focus/f-news/3047154/posts
he screws up everything he touches
Every time.
The GAO report released Tuesday described some of the actions OPIC is taking in the emerging market of the Palestinian territories.
Fixed it:
The GAO report released Tuesday described some of the actions OPIC is taking in the emerging market of the Palestinianterritoriesterrorists.
WHERE IN HELL IS ONE DAMN ACCOUNTABLE AUTHORITY
bump
If you’d like to be on or off, please FR mail me.
..................
Well, this is in the West Bank not Gaza, but when they take over there, they could well decide the interest isn't owed, in the name of Allah. I wouldn't bet on collecting the principal either.
“No controlling legal authority.” —Al Gore
This half-black, arrogant, muzzie enabler passed beyond “Out Of Control” years ago and all republicans do is sit around playing SWITCH.
What is the capitol of Palestine and who recognizes it as a sovereign nation?
I'm afraid our government is rotten to the core...
baraq spreading the wealth around to his friends.
Let’s see, I’m guessing that the millions of dollars will be spent on community improvements such as rpg’s, AK rounds, and rockets to be launched into Isreal.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
