Obama Says That SubPrime Mortgages For Those Who Can’t Afford Them Is A Good Idea
The very thing that caused the sub prime credit mess is a great and wonderful thing according to Obama and his economic advisers. He actually says that selling these bad loans to investors all over the world is a good idea. THIS IS WHAT IS CAUSING A GLOBAL CREDIT CRISIS. It was the Republicans who tried to regulate Fannie and Freddie.
And now for the video explaining how the Clinton administration and Democrats forced banks to give these sub prime mortgages to people who could not afford to pay them. Andrew Cuomo does his best to defend these policies. He actually states that he is sure there will be a higher default rate. You will also see Barack Obama’s role in forcing these loans.
- October 11th
[...] arm banks into giving multiple billions in loans to people who could not afford to repay them. Barack Obama helped ACORN in its fight to force these [...]
[...] Posted by Doug Ragan Obama Says That SubPrime Mortgages For Those Who Can’t Afford Them Is A Good Idea [...]