Now Obama and his Administration propose that the Government buy up bad mortagages with taxpayor money, pay down the principle and then sell the mortagages back to the original defaulting homeowners. What? When John McCain suggested the same thing in early October 2008 Obama called the plan “erratic”, “reckless” and a “waste of taxpayor money”. So what has changed now? Another Obama political pay back?
Filed under: Barack Obama, Financial Crisis, Mortgage Crisis | Tagged: Have we come full circle? Obama proposes to buy bad mortgages with taxpayor funds! | 1 Comment »