Posted on 08/12/2010 6:58:34 AM PDT by ToddThurman
On July 21, when President Barack Obama signed the Dodd-Frank financial regulation bill, he promised: “There will be no more taxpayer-funded bailouts. Period.” How long will this Obama promise last? Well, The New York Times reports today that “the Obama administration on Wednesday pumped $3 billion into programs intended to stop the unemployed from losing their homes,” including a program announced by the Department of Housing and Urban Development that “will draw on $1 billion authorized by the new financial overhaul law.” That’s right. The Dodd-Frank “no more taxpayer-funded bailouts forever” bill is not even a month old, and already President Obama is using it to turn your tax dollars into yet another bailout.
(Excerpt) Read more at blog.heritage.org ...
And the $26 BILLION bailout for teachers????
they got their hands in the till..reparations and all. where is the money really going. these are more low income loans to people with no jobs. but the bulk of the money is to prop up fannie and freddy and pay big salaries..
are there any stats on how many beneifited from fannie and freddie in the past year? Barney is the one who should be brought up on chargers.
dims can lie because we have no free press in America... only a ministry of dim propaganda.
LLS
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