http://ping.fm/uEpwf
Obama's agenda & our foreclosure market.
Obama had stated that he would funnel in aid through the banks to our homeowners by reducing the interest rate so their payment would be more affordabale, or "Buy Back" mortgages during this season of woe financially speaking. The financial aid package passed last month by congress is the perfect opportunity. But you know what I heard? I heard that they just allowed the bank to have the money. Here is 40 Billion spend it as you like, then the banks tried TWICE to send all the top executives to a 5 star resort for R&R. Congress is aggressively holding accountable the jerk in charge, but on talk radio I heard that only 20 Home owners have experienced help with their mortgage through this "bail out." Out of Millions only 20? Is Obama going to be able to help htis housing market?