Obama vs. Obama on mortgage "cramdowns"

Hussein Obama told Hillary Clinton and the nation that he wouldn't let bankruptcy judges meddle with mortgage contracts. He said "I have not signed on to the notion of an interest rates freeze, and the reason is not because we need to protect the banks. The problem is, is that if we have such a freeze, mortgage interest rates will go up across the board and you will have a lot of people who are currently trying to get mortgages who will actually have more of a difficult time."

Apparently that's all changed now with his own rhetoric and the Helping Families Save Their Homes Act. (H.R. 1106) Another Hussein Obama flip-flop.

http://blog.heritage.org/2009/02/26/neighborhood-destabilization-act-hr-1106/

http://www.clubforgrowth.org/2009/02/obama_should_listen_to_obama.php

http://blog.heritage.org/2009/02/23/more-proof-white-house-mortgage-plan-wont...

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• Barack
• Hussein
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• mortgage
• cramdowns
• bankruptcy
• judges
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• underwater
• homeowners
• H.R.
• 1106
• Helping
• Families
• Save
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• Homes
• Act