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$26 billion foreclosure settlement


               
2012 Feb 9, 2:21am   3,799 views  9 comments

by StoutFiles   follow (0)  

http://money.cnn.com/2012/02/09/news/economy/mortgage_settlement/index.htm#comments

So we, the taxpayers, have to bail out all these dumb people. And it still won't fix anything.

#housing

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1   PockyClipsNow   @   2012 Feb 9, 2:32am  

So let the NEW game of 'get your principal reduced by thousands NOW call 1-800-CON-GAME' begin now! Get FREEEEEEE money from Obama! (i get it that this settlement $ is 'supposed' to be from the banks but its NOT - they get free money from ZIRP, endless bailouts, and accounting laws are totally suspended).

I guess we are about as corrupt as china at this point? Is it that bad yet?

2   woppa   @   2012 Feb 9, 2:49am  

Privatize profits and socialize the risk. Americas motto.

3   clambo   @   2012 Feb 9, 2:51am  

Obama is 1. buying votes 2. currying favor with anti-bank sentiment by pushing the banks around.
The whole thing stinks, because the people being rewarded here are those who are not paying their mortgage. The reason why is not important.
If Obama has enough time, EVERY group of Americans will have a government *entitlement*.
1. food stamps 2. free cell phones 3. mortgage relief 4. sec. 8 5. earned income credit (paid for having kids) 6. 99 weeks of unemployment
Obama and Holder are blackmailing banks into giving money away for no good reason. But, the banks are now afraid of Obama and Holder.
You all should also be afraid. Obama believes he is omnipotent and if you stand up to him (like Netanyahu) you'll receive his ire.
I learned a long time ago about guys like Obama, he's got a big chip on his shoulder and he's always gonna have one.

4   PockyClipsNow   @   2012 Feb 9, 2:57am  

I suppose this is what a functioning democracy looks like. Most people are broke ass freeloaders in America at this point. THUS their interests are well represented in Washington. Go Democracy!

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