Wednesday, January 26, 2011
Beyond the Smoke and Mirrors, We See the Fruits of This Administration's "Stimulus"
Banks are profiting from home foreclosures at incredible levels on the taxpayer dime, but only those banks that are in bed with the right politicians.
Where is all the reporting on this? Why is no one grabbing this information and running with it? Frank, Dodd, Freddie, and Fannie have been cooking the mortgage books since the Clinton administration, and sweetheart deals like this are a direct result of the American Recovery and Reinvestment Act of 2009, coupled with the fact that cronyism is at an all time high under the Obama administration.
Incentivizing foreclosure for profit. What an absolute sham!
See video below. It breaks down, in very clear terms, our benevolent overseers' scheme to rape taxpayers to pay the banks.
Knowing how Barry and friends are spending the money they stole from you, how do you feel about that stimulus, America? Ready for more?