Obama says Sub Prime Mortgages that gave houses to people WHO COULDN’T AFFORD THEM was a GOOD IDEA!! Even as it was destroying our economy Obama thinks giving people mortgages who couldn’t afford them was a good idea. Then he says spreading the bad debt throughout the financial system was good “in theory” … Sub Primes have Destroyed our Economy and Obama thinks they are good idea Fannie Mae Freddie Mac Wall street Bailout Obama. Biden Explosive Audio Unearthed McCain Palin Prime Crisis In 2007 …
defaults www.financialweek.com Option Arms us.ft.com Fannie and Freddie www.marketwatch.com CHICAGO (MarketWatch) — The rate of mortgages entering foreclosure hit another record high in the second quarter, as did the percentage of loans somewhere in the foreclosure process, the Mortgage Bankers Association reported on Friday. The delinquency rate, which measures mortgages that aren’t in foreclosure but have at least one overdue payment, also was the highest ever recorded in the MBA’s quarterly …