I think today I am finally officially done with Romney - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

Archaea · 05-21-2011, 12:21 PM

You don't understand what Obama did.

Obama propped up the banks by using taxpayer money to help them foreclose to crash prices more. Bush wanted that money to reduce principal. Both bad ideas but if you're going to do one, then do Bush's.

The better idea is to remove the mortgage insurance, let banks fail so that banks and homeowners resolve the matter on their own. That would stabilize prices without taxpayer money. Obama had the worst option of the three. In other words, he got into bed with the banks to screw the homeowner with homeowner tax money. How'd you like that?

05-21-2011, 12:21 PM	#10
Archaea Assistant to the Regional Manager Join Date: Aug 2005 Location: The Orgasmatron Posts: 24,338	You don't understand what Obama did. Obama propped up the banks by using taxpayer money to help them foreclose to crash prices more. Bush wanted that money to reduce principal. Both bad ideas but if you're going to do one, then do Bush's. The better idea is to remove the mortgage insurance, let banks fail so that banks and homeowners resolve the matter on their own. That would stabilize prices without taxpayer money. Obama had the worst option of the three. In other words, he got into bed with the banks to screw the homeowner with homeowner tax money. How'd you like that? __________________ Ἓν οἶδα ὅτι οὐδὲν οἶδα