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Politics : Obama Watch

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To: Crimson Ghost who wrote (136)	2/19/2009 12:42:22 PM
From: LTK007	1 Recommendation of 290

Did Obama make a major blatant in his speech on mortgage aid or did he not lie?? This is a major question. From a post i just made elsewhere <<To: Little Joe who wrote (76336) 2/19/2009 12:36:50 PM From: GONE1001 of 76368 OT: If this is correct via Spear Report this a.m. then Obama will have made a blatant lie in his speech. i need dig up a transcript of his speech, but i have certainty of what he said. Being a brutal cynic against all politicians, if i could confirm that what he said is NOT what is going to be done, i would be in a "i told you so" mode. Question is how can it be confirmed??????????????? TSR 2/19 "The government's new mortgage refi program, administered primarily by Fannie and Freddie, will not require verification that recipients of modifications were truthful on their original mortgage applications. Moreover, the wisdom of modifying loans is an open question. Most modified loans are delinquent again after 6-9 months." Max

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