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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Ron Paul on Federal Stimulus spending

Is federal government stimulus the answer to our declining economy?  Texas Congressman Ron Paul discusses why government spending can’t reverse our anemic economy.  Government does not create wealth or create value, this is done in the private sector by companies and individuals who take raw materials then assemble a product to create something more valuable…

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