House Votes To Terminate Obama Administration’s Anti-Foreclosure Program
The Program was a complete SCAM from the beginning. It was a ruse that allowed the Bailout of the Banks to proceed with supposedly 75 Billion being used for HAMP. The money was never spent to help the consumer. It just created a phoney propaganda machine continuing the LIE that the administration was going to help the homeowner. When Obama made the program voluntary it gave the Banks Carte Blanche to string folks along with false hope in order to get more money out of them. The 3 Month Trial Payments NEVER happened. People made MONTHS of thrial payments and then were told you don’t qualify. Foreclosure followed.
I find it a bit funny when Rep. Maxine Waters D-California, is NOW outraged. She is on the House Banking Committee and she oversaw Fannie Mae and Freddie mac when the crap loans were being funded to the masses. AND SHE DID NOTHING but Praise Fannie Mae and Franklin Raines for his service. Barney Frank did the same…He Praised the the Banks and saw NOTHING Wrong…
I’m sure they want us to forget their complicity…
Uppity Banker
http://www.huffingtonpost.com/social/sdhawgman/house-votes-to-terminate-_n_842150_82566689.html
