Posted by Tina
Looks like Obama is still determined to pick winners and losers! This time he’s out to help those suffering from the mortgage and housing mess…at least for a select few:
The White House is hoping to strong-arm banks into paying off the mortgages of irresponsible homeowners at the expense of the rest of us. The idea is to tap financial institutions to create an unregulated $20 billion slush fund to pay off the principal for people who are upside-down and delinquent on their housing payments. Political appointees in the Obama administration would get to choose the winners and losers in the house pay-off lottery. (emphasis mine)
This man would give away his grandmothers pantry if it would buy him a vote.