Wednesday, April 3, 2013

Mike Rivero ~ Obama Is Pushing Banks To Make More Home Loans To Borrowers With Poor Credit

The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place. President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession.(Washington Post )

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  1. AnonymousApril 4, 2013 at 8:34 AM

    Good just what the people need, the banks creating more money out of "thin air" and getting interest on something that cost them nothing. The "banksters" always win, can anyone see why the bankers should not be jailed and their puppets in government.In Australia you cannot walk away from your mortgage they sell your house and then take you to court for any monies owed.

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The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
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USA Banker's Magazine, August 25 1924


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