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Watchdog Group: Obama's Mortgage Aid Plan Wastes Billions
| MATTHEW JAFFE
Posted on 04/14/2010 9:04:01 AM PDT by Nachum
The Obama administration's embattled mortgage aid plan is coming under fresh criticism from a government watchdog who says the program is wasting billions of taxpayer dollars simply to delay -- rather than prevent -- foreclosures.
(Excerpt) Read more at abcnews.go.com ...
TOPICS: Crime/Corruption; Government; News/Current Events
KEYWORDS: group; mortgage; obamas; watchdog
posted on 04/14/2010 9:04:03 AM PDT
All his programs are wasting billions.
posted on 04/14/2010 9:09:14 AM PDT
(Corporate Profits are better than Government Waste)
posted on 04/14/2010 9:18:24 AM PDT
(A liberal's compassion is limited only by the size of someone else's wallet.)
While Treasury has said that 1.3 million borrowers have been offered trial mortgage modifications, a total of 2.8 million homeowners received foreclosure notices last year, a fact the Panel says indicates that the administration's response is lagging "well behind" the speed of the crisis.
Shhhhh! Don't tell anyone. If wind of this gets out, the libs will want to add more incentives for the consumer to take advantage of mortgage modiciations. You know, modify your mortgage and get a free BMW.
posted on 04/14/2010 9:21:45 AM PDT
(USA is a sovereign nation)
This news is most likely UNEXPECTED ?
posted on 04/14/2010 9:38:53 AM PDT
Lots of people voted for this creep hoping to get new homes for free. The press even helped make this seem a reality. Once he got into office this pressing matter became unimportant.
posted on 04/14/2010 10:00:15 AM PDT
by Terry Mross
(Founding Fathers.....grave....rolling over.)
To: Terry Mross
Is that being Eddie Haskell’d?
posted on 04/14/2010 10:05:28 AM PDT
by Son House
(The Reagan question to Democrat Majority in Congress; Are you better off than you were 4 years ago?)
Wasted? Not from Obama’s perspective...buying patronage.
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