By
R. Mitchell on Oct 24, 2011 in
Money
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Tags: bail-outs, Barack Obama, Fannie and Freddie, Fannie Mae, FHFA, Freddie Mac, HARP, Home Affordable Refinance Program, Mortgage bailout, mortgage crisis, real estate, stimulus, We Can't Wait
Upon further inspection…. this looks like a way to close out all the government-caused foreclosures so then Barry-Hussein can jump up and down on stage and say Look! look! We fixed the housing crisis! Until, of course all those refinanced and “new” mortgages also collapse simply because there are millions of people in houses who simply can not afford to own one. Then the sheet will really hit the fan! Of course Barry is hoping to already have sewn up “Four MO years!” by the time the super housing crash truth hits the economy.
Sheesh and silly Americans thought the House of Representatives controlled the taxpayers purse! Not in the Marxist’s way of doing things!