SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : President Barack Obama
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bentway who wrote (101536)9/14/2011 6:06:38 PM
From: koan  Read Replies (1) of 149317
 
Obama's jobs bill is DOA in the congress.

The only weapons he has are executive power e.g he and the fed could refinance underwater homes loans at 4% without congressional approval as I understand it. That would help the housing market out big time and put money in the middle class's pockets.

And let people combine 1st and seconds.

But the banks do not want that. They like those big old % rates now in effect.

So this is where the rubber hits the road. A DOA jobs bill is safe politically and with regard to Wall street power (but it is just theatre), but an executive action to refinance homes is fraught with danger from Wall street..
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News