Friday, March 06, 2009

The Housing Bailout Program

Obama introduces a new housing refinance program and somehow the week before the announcement the mortgage companies raise the interest rates in the worst housing market in recent memory by almost half a percentage point. That means the new discount under the Obama plan will be less than half of what the Administration and media expected.

Who leaked the new program to the mortgage companies so they could raise rates ahead of time when all rates should have been dropping like rocks? It is apparent the crooks are still in command and are in a position to undermine whatever they want in America. Greed continues to rule.

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