Here We Go Again! Again.

The Obama Administration announced today a big move to lower mortgage credit standards. The excuses are the usual. Need to bolster housing, need to get people into The American Dream, etc. The real reason is the banks need the business. HUD is insured by Obama, and taxpayers can, once again, absorb whatever losses will surely follow. Its been going on forever, and now it all starts again, thanks to a corrupt Administration and an ignorant population.

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