Obama to Increase FHA Risk

The Federal Housing Administration is heading toward a taxpayer bailout, yet the president’s latest mortgage modification plan would further increase the agency’s exposure to risky mortgages. Mark Calabria calls it a “Backdoor Bank Bailout.” The administration’s plan would encourage borrowers who owe more than their house is worth to refinance into FHA-insured mortgages. Therefore, the…

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Sauce for the Goose

This is a conservative YouTube, but it makes a great point. The sort of criticisms and oooh-scary signs about Obama common to the Tea Party movement are put in the shade by what the left had to say about Bush. Of course, I’m in the happy position of agreeing with both sides. cross-posted from the…

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