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Politics Nothing goes with politics quite like crying and complaining, and we're a perfect example of that.

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Old 05-20-2011, 02:33 AM   #1
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Default Next shakedown in the works????

Reported yesterday in the WSJ, Karl Rove says Obama, faced with the impossibility to get 20 billion from congress for your neighbor's mortgage reduction, will go after the banks. He is endorsing a plan by the justice department which would require the banks to put up the 20 billion.

How does that make you feel. He will encourage more people to default, because on time mortgages don't qualify. The icing on the cake? You and I still pay since the banks will pass the cost on to us thru higher fees.

Obama, food stamp king and now giving Jesse Jackson a run for the tittle of shakedown king.
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Old 05-20-2011, 05:38 AM   #2
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By any other name its known as redistribution of the wealth. He said he would do it and he is. He even wants to borrow another Billion and give it to Egypt along with wiping their already Billion Dollar debt to us off the books. Its akin to turning a kid loose in the mall with a credit card.
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Old 05-20-2011, 05:41 AM   #3
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Thank God I will have all my loans paied by this summer.
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