Wednesday, February 1, 2012

Obama proposes new government guarantee for homeowners to refinance

"...The administration proposal faces a major hurdle in Congress. The program would cost between $5 billion and $10 billion, depending on participation, and the administration proposes to pay for it with a fee on large banks..."
That's the answer! Charge the banks! Banks are big and mean, and they have alot of money that isn't even theirs!  This is a President that understands!  Next he should propose the "Anti-Greed Act", or the "Equalization of Opportunity Act", or the "Anti Dog-Eat-Dog Act"...

"No more red tape. No more runaround from the banks. And a small fee on the largest financial institutions will make sure that it doesn't add to our deficit," Obama said of his plan. 

Mr. Thompson will be played in real life by Barack Obama...
"Now that our new consumer watchdog financial agency is running at full steam, now that Richard Cordray is in as the director of the Consumer Finance Protection Bureau, they're moving forward on protections like this," [Obama] said.
Wesley Mouch will be played in real life by Richard Cordray...

"It is wrong for anybody to suggest that the only option for struggling, responsible homeowners is to sit and wait for the housing market to hit bottom," Obama said in a subtle jab at Mitt Romney, who has suggested the market should be allowed to run its course.
...wait, does that mean Romney is Hank Reardon!? 

No comments: