“Let’s see. How can we get more money to those Obama voters?”
Thank God! Friends, if you can believe this, listen on. Obama & Tim Geithner have been pushing for Freddie Mac and Fannie Mae to allow irresponsible home owners to just ‘ write off’ their PRINCIPLE. (remember this lovely government-owned institution? U.S. taxpayers (you & I, that is) have spent roughly $170 billion to rescue this very same company and will spend about $260 billion more through 2014). But the Federal Housing Finance Agency, which is NOT under Obama, said, ‘NO’. They said it wasn’t worth it- why? Because they feared that these same moochers would strategically walk away from their loans anyway. Isn’t that rich? (more…)
