Quote:
Originally Posted by TGRR
75 billion more in mortgage relief, proposed by Obama today.
Sometimes this shit makes me laugh until I can't stop screaming.
|
That will be coming from the $350 billion TARP funds. It is not added money. It was already approved before Bush left office. And the TARP was
supposed to be for mortgage relief to stop forclosures, instead Hank Paulson gave the first $350 billion to banks. The banks, instead of using it to help people in foreclosure by rewriting mortgages, held onto the money or used it to buy other banks. They have done nothing to help to stop the problems they created. The housing market is where this all started, so do you think we should just continue to ignore that aspect of this mess?