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THE DERANGED MIND OF A PROGRESSIVE Boobamba is the sap-happy community organizer who sued banks to give out sub-prime mtges to ne'er do wells and welchers on welfare and food stamps. Now he's suing banks for "predator lending" b/c the welfare bums were saddled w/ mtges they can't pay.
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FAST FORWARD--Obama gave a talk July 2013 on mortgages and Fannie Mae, a brand new theme for him, one that hasn’t surfaced in 4-1/2 years of his occupying the WH. Why is all of this sudden interest in punitive actions on housing and mortgages? Why is all of this happening now?
Why now? Chi/pols see public office as an investment .....all their public activities are to get a "return on investment."
THE DETAILS Obama says it’s time to ‘turn the page’ on Fannie and Freddie MarketWatch | 7/24/13 | MarketWatch / FR Posted by illiac
Obama's speech on the US economy spelled out the beginning of the end for federally-controlled mortgage buyers Fannie Mae and Freddie Mac. “We’ll work with both parties to turn the page on Fannie and Freddie, and build a housing finance system that’s rock-solid for future generations,” Obama said, according to a copy of his prepared remarks
The House Financial Services Committee approved a bill on Tuesday that would get rid of the firms in five years, to be replaced by a National Mortgage Market Utility to help securitize mortgages.(Excerpt) Read more at blogs.marketwatch.com
ADDENDUM---what Obama left out of his remarks Wall Street Journal report on page A15---article entitled “Treasury’s Fannie Mae Heist“.
WSJ: The Federal government is seizing the substantial profits of the government-chartered mortgage firms, Fannie Mae and Freddie Mac, taking for itself the property and potential gains of private investors the government induced to help prop up these companies. This conduct is intolerable.” A scathing article follows.
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NOTE Soon as they occupied the WH, the Chi/mob setup the looting MO: Obama and the Chicago con artists (a) took control of the US Census; (b) Obama placed his COS Rahm Emanuel in control of the US Dept of the Treasury (including the IRS).