Robert Reich’s Blog: Obama’s Second Biggest Test: Reforming Wall …
TARP is taxpayer money to bail out banks. Banks obtain free advertising from the President. Taxpayers apply for a reduced rate on their mortgage and get turned down. Chase and others collect $750 per application. Ten applications is $7500, …… All of a sudden Republicans are outraged that Obama has run up the national debt in an attempt to revive the economy that was left in shambles by Bush and provide decent health care insurance in a way that won’t add to the debt . …
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Robert Reich's Blog: Obama's Second Biggest Test: Reforming Wall …
Obama picks credit card reform over housing - The Red Tape …
Bankruptcy mortgage reductions – known by the pejorative term “cram downs” by the banking industry — could help 1.7 million consumers avoid foreclosure , according to the Center for Responsible Lending. …… the difference between owing mortgage money and owing credit card money is… if you work and pay your mortgage … it will eventually get paid off. If you are working and pay your credit card… you still will be in DEBT ALL YOUR LIFE… credit card companies are …
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Obama picks credit card reform over housing - The Red Tape …