TARP? or CARP?
Cats: Fairness Doctrine?, Obama/Messiah|Now we find out the truth,Richard Davis, CEO of US Bank Corp, finally broke his silence, the TARP was not for loans, it was for the bigger banks to go out and buy out failing banks so they would not fail. They were not allowed to talk about this when they are being “interrogated” by the likes of Barney Frank (Queen of the Banks).
The Messiah now wants to bail out all those poor people that had loans that from the get go could never pay them back. The courts will now take the mortgages and settle them to lower amounts. So they, are in fact, going to take money away from the mortgage companies that made the loans. Obama ’s view is those that can not repay their mortgages as victims, ones that have been preyed upon by predatory lenders. It was not their fault, it was the fault of the banks. BS it was the fault of the people that pushed people like that to get loans, the idea that home ownership is a right. The Clinton’s started his home ownership as a right back in the 90’s . According to Obama it is the banks fault these people got loans they could not afford. Nationalizing the banks will allow the government to give loans at whatever interest rates they want. That is the only way to get around the free market,where mortgages are set by the free market and are not controlled. The secret is finally out, this was not about using the money to loan, it was for the banks to buy out failing banks. Obama is now heading up the mortgage industry. This is the harbinger of bad things to come, decisions coming from Obama tainted with a deep seated anger. He was surrounded by socialists and extremists during his years in college and political career in Chicago. There is a tint of racism in his rhetoric, the idea that those poor downtrodden are victims of white society,the predatory banks and big corporations. This is perhaps the scariest president in the history of this country, he is the enemy of the Constitution of the United States. Be afraid, be very afraid. The people that took out interest only loans, 5-1 arms and other designer loans are the VICTIMS, they are the ones that going to be bailed out, the ones that couldn’t pay back the loan. The ones that can not afford the homes are the most ENTITLED in Obama’s world
Government is responsible for the subprime mess, they forced the banks to give the loans to those that couldn’t afford them. He is now forcing the banks to take money to they can then dictate the parameters of loans. This was the problem, government got their hands in areas they should have kept their fingers out of. But he singles out the banks, the corporations and wall street for the problem, it was the GOVERNMENT that was responsible, Frank,Dodd,Schumer,Pelosi,Reid, and the rest of them. This debacle was set into motion on purpose, it was no accident it occurred when it did, during the presidential campaign. We have seen what government can do, it only messes up things, it is the root of the problem. We are in the middle of 1984 by G. Orwell. The people that took out the loans are being given a break, the people that made mortgage payments are being the ones that are being penalized. So those that can not pay the loans will be helped out those that have money, he is redistributing the wealth. There is a deep anger brewing in Obama. He is a dangerous man. He is an enemy of the Constitution, he is an enemy of freedom.
