Sunday, January 10, 2016

Obama Re-Inflates the Subprime Bubble With a New Name

Fannie Mae Rolls Out Easy Mortgage, Catering To High-Risk Immigrants

Subprime 2.0: The White House is rolling out a new low-income mortgage program that for the first time lets lenders qualify borrowers by counting income from nonborrowers living in the household. What could go wrong?
Obama still has 12 months to bring the USA to its knees; he's on course.

3 comments:

Steven Satak said...

Because hey, it's more free stuff from your government, right? Someone will have to pay for it, but it won't be you and it might even be those rich fat cats we all hate and envy so much. No wonder the lottery is climbing so rapidly. Few people want to earn a living anymore so much as they want to 'deserve' one from the government. Or draw a winning ticket.

JBsptfn said...

Well, I have no problem with a 40 hour work week (or thereabouts), but a lot of people seem to be working 60-80 hour weeks anymore (studies show that those don't really help). I would rather collect welfare than work 80 hours a week. That is bondage.

Stan said...

I wouldn't mind having a winning lottery ticket, but I refuse to pay for one.