Again, this is simply rewarding failure and undesirable behavior. Obama wants you to pay for your irresponsible neighbors mortgage. Disgusting. At this point, why should anybody pay their mortgage? Seriously. The market traders are openly mocking the Obama administration today. They understand what all this will lead to.
Anybody listen to Hussein Obama yesterday? In case you didn't, Obama spoke of governmental intervention to adjust rates and lending practices in the housing sector. This guy is an incompetent wreck. He doesn't even know that this is what caused the ruckus in the first place. Look at the circus this new administration is putting us into. And not even in for a month yet.
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