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Politics : I Will Continue to Continue, to Pretend....

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To: Sully- who wrote (33067)8/16/2010 3:18:55 PM
From: Sully-   of 35834
 
Mortgage bailout is more corporate welfare for banks

By: Timothy P. Carney
Examiner Columnist
08/16/10 2:00 PM EDT

Obama’s latest financial proposal, The Hill reports, is yet another handout to big banks:

<<< Banks will get the biggest benefit from an Obama administration housing program designed to help unemployed homeowners escape foreclosure.

Housing experts expressed concern that banks, not homeowners, will be helped by the White House’s $3 billion funding infusion — $2 billion from the Treasury Department and another $1 billion from the Housing and Urban Development Department — going to those states hit hardest by the housing market crash and unemployment. >>>

This is the way big government works: programs are pitched in the name of helping the regular guy, but Big Business runs away with the loot.


washingtonexaminer.com
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