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Ask yourself, who benefited from Obama’s anti-foreclosure programs? Why it was the banks, of course. “Others, who may have somehow found ways to continue to make their mortgage payments, have been drawn into failed trial modifications that have left them with more principal outstanding on their loans, less home equity (or a position further ‘underwater’), [...] http://www.youtube.com/watch?v=lDJc0PZV-Bk&feature=player_embedded Zero Hedge. The real question is why is Ratigan the only person who not only sees this, but has the guts to say it on national television TV. Here’s the transcript of what Ratigan said (also from Zero hedge) The president continues to say in public that banks have almost paid Americans [...] Poor deluded fools like myself clearly to not get that Obama’s bailout plan will be looked at ten years from now as pure genius. That’s the word from his staffers, and why he gave a big hug to Timmy G. at the SOTU address. You see, Obama believes Geithner and the bailout plan are without [...] Chart from Business Insider (Read the whole article) The watchdog charged with monitoring the government’s $700 billion bailout unleashed one of his harshest criticisms of the program to date, questioning its overall effectiveness. Specifically, TARP has neither boosted bank lending nor decreased the number of foreclosures. Plus, it risks “re-inflating the bubble.” In other [...] |  | ||||
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