'Obama housing plan fails'

As President Barack Obama's housing program fails, big banks are basking in success. The president's HEMP plan did nothing to save the average or middle class Americans home, making the housing crisis worse. Nomi Prins says banks aren't stepping up to help homeowners because they don't have too; there is no incentive for them to, when all they would be doing is making less of a profit.

Category:

News & Politics

Tags:

• Nomi Prins
• Jihan Hafiz
• It takes a pillage
• Fannie Mae
• Freddie Mac
• unemployment
• pay
• wages
• Obama
• banks
• economy
• audits
• African American
• Latinos
• subprime mortgage
• mortgage
• credit score
• refinance
• loans
• default
• financial crisis
• debt
• foreclosures
• HEMP
• RTAmerica
• RT America

[eyewitness043]

"Evey time we renegotiate a mortgage we take a loss." says it all.

The rampant fraud in this crisis caused a homeless epidemic and a bloated inventory of empty real estate at the same time. No mandatory renegotiation's after an 800 Billion dollar TARP that got to be a $23 Trillion dollar monster is nothing less than treason.

[marieatthelake]

His plans are meant to fail. It's a planned demolition of America.

[TakisAthensGr]

racial mixing turns people to monsters can't you see it fucking materialist americans?!!!

[pretorious700]

@noisraeliapartheid Amazing how liberals can't accept any blame when they are every bit as culpable as the Republicans you name. Barney Frank? Chris Dodd? give me a fucking break- It's not Republican/Democrat it's the system that puts them in power...idiot

[PlainSight52]

JIHAN THE ANSWER IS FEDERAL EMPLOYEE PENSIONS I.E. JUDGES, CONGRESS ETC.... PROFIT FROM EVERY FORECLOSURE THROUGH THE MBS POOLS IT'S CALLED A CONFLICT OF INTEREST IN ITS MOST BASIC FORM.

[WSthe3rd]

@noisraeliapartheid seemed to work fine when they were president

[noisraeliapartheid]

@WSthe3rd

and georgeW, george Senior, and Reagan weren't? give it a rest. It's their policies that destroyed this country. once they ran the country off the rails there's no president that can bring it back without martial law on wallstreet and the fortune 500.

[noisraeliapartheid]

@impeachobamanow2010

While I agree obama isn't as good asClinton or LBJ, at least he's no George W who sank the ship in the first place.

[iwontupload]

@marieatthelake That's right. Alex Jones reported about this and did a really good job.

[PhotonDrive]

US businessmeny ideal: give nothing/take much! Software paradise/80%"service" industry. Non-producers get millions, producers fight for 5%! This includes 500% mark-ups for Chinese-made products. Now it is all collapsing. The "carrying costs" sunk it!

[Sturmpionier03]

Hang barry soetoro the islamic scumbag