The kenyan has took over GM, trying to take over the banks and health care, is real

At some point, someone in the administration is going to pay attention to the 5 MILLION foreclosed mortgages that the banks are currently sitting on hoping that home values come back up. The banks are playing a bit of Russian roulette here.

If they sit on them too long, these homes will end up worthless. Everyone is well aware of what is happening to al these empty home sitting out there. They are being trashed by squatters and vandals. If not there, just a house sitting empty needs maintenance. If the house gets too trashed, the bank eats the mortgage (requiring us to bail them out again?)

If they dump too many of the homes back onto the market too fast, the prices of homes will drop again (underwater mortgages, anyone)

I would not be surprised if Obama decides it would be best if the Fed Gov bought up all these mortgages and then sold them to Sec 8 folks for pennies on the dollar and stuck us with the difference.

Either way, anyone who believes we are on our way out of this mess need to stop listening to the Obama machine and start paying attention to the details.
 
At some point, someone in the administration is going to pay attention to the 5 MILLION foreclosed mortgages that the banks are currently sitting on hoping that home values come back up. The banks are playing a bit of Russian roulette here.

If they sit on them too long, these homes will end up worthless. Everyone is well aware of what is happening to al these empty home sitting out there. They are being trashed by squatters and vandals. If not there, just a house sitting empty needs maintenance. If the house gets too trashed, the bank eats the mortgage (requiring us to bail them out again?)

If they dump too many of the homes back onto the market too fast, the prices of homes will drop again (underwater mortgages, anyone)

I would not be surprised if Obama decides it would be best if the Fed Gov bought up all these mortgages and then sold them to Sec 8 folks for pennies on the dollar and stuck us with the difference.

Either way, anyone who believes we are on our way out of this mess need to stop listening to the Obama machine and start paying attention to the details.
 
It was President Obama that put the provision in the stimulus plan that is allowing the banks that George Bush bailed out in 2008 ( check the dates of the bailouts) to able to pay the money back and many are doing so.

If you check out the date of GM bailout is was George Bush that bailed them out also. President Obama did not write the terms of that bailout also.


The eminent domain law has been around too long to blame on President Obama.

A President trying to provide affordable health care the U.S. is a good thing.
 
You missed that boat years ago...it actually happened under Bush.

Kelo vs. New London essentially changed eminent domain from taking land for schools, hospitals and highways, etc. to mean that the state can take anything that will generate higher revenue for the municipality. So, in other words, they can tear down a church to build a Walmart, and if the Church argues, they can straight take the land out from underneath of them.

And haven't Fannie and Freddie gone from"government sponsored" to full blown government entities now? That's a significant portion of the United States' land assets.
 
Who is "the kenyan"?? See... more "sly racist" conservative chatter.... Why can't you just criticize the policy without all of the other nonsense? That's why conservative deserve the reputation they get when it comes to racism.
 
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