This is his contribution to this world. Did it before, he expects MORE clout as president now.
That’s how we got into this mess in the first place!........
So back to “anyone with a pulse has a right to a mortgage”.Well,at least anyone “of color” who has a pulse.
Here we go again. The cretins once again “given” homes they can’t afford, will not pay for, and are unable to afford maintaining, all backed up by taxpayers.
What could go wrong? Oh wait............
Confiscate some of your money? Ala Cyprus. But, what we have again, people who KNOW(or should have known) they can’t afford a $300k home getting approved by pressure from the feds and we, the law abiding victims, get stuck paying for someone else’s deliberate screwing up. If you make $12.50/hr, guess what. YOU CAN’T AFFORD THAT $300K HOME! Even though we’re sure you DESERVE it and FEEL entitled to it. Pretty sick of following the rules and doing the right thing only to get hosed on my taxes and everything else while the deadbeats skate. Like I said, law abiding victims.
It worked GREAT for GWB. What could go wrong?
RETURNING TO THE SCENE OF THE CRIME!!
“working with banks” means extortion, threats, coersion and all the other veiled threats this SOB can make. He means he wants unqualified loans to unqualified blacks, Mexicans and any other minority affiliated with the Democrat Party.
Obama’s solution for the economy:
1. Issue more loans to credit risks.
2. Print money.
3. Remove unemployed form labor rolls.
4. Subsidize green energy industry.
5. Raise taxes
6. Increase entitlements.
What could go wrong?
More of the same lies over and over again.
The banks are in on it.
We are going to over-inflate real estate again and then WHAM.
It used to be that the limit of the house’s mortgage was approx. 2-1/2 your annual gross salary with payments of no more than 1/4 of your monthly takehome pay. All of this made sense. If you couldn’t afford it, you didn’t buy it.
But these numb-nut morons are starting this all over again . . . buy what you can’t afford . . . someone else will pay for it (someone else? you mean the gummint?)
Did these stupid-a$$E$ ever hear of RENT?
What's the definition of insanity? Doing the same thing over and over again and expecting a different result.
The first housing crash happened during a great economy, and it cost us taxpayers billions. Imagine what would happen during a failing oboma economy (oboma - finishing the job his muslim brothers failed to do on 9/11).
Loans to weak credit...I thought that already happened.
Some 5 years ago, a local branch of Citi Financial called me, trying harder than a car dealer to talk me into a home eq loan I didn’t need or want, on my mortgage-free abode. It was totally clear to the agent that my income didn’t justify the loan in any real world, but when he realized it was clear to me as well, he acted personally offended and hung up.
I could swear this sort of fast-and-loose lending was outmoded by now.
No problem. Banks can give the money away and King Obama will bail them out. Nothing much new here just new voters for his empire.
The banks were bailed out for a reason.
Not to keep them solvent, but to buy their loyalty.
“Nice bank ya got there....”