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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (123215)	10/9/2012 8:29:58 PM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

Sheesh. This is just one more way for our government to give a back door bailout to the banks. Fannie and Freddie are wards of the state, and backstopped by the taxpayer. Now they are saying they won't force banks to repurchase bad mortgages, if they can prove the first 12 months payments were made. This is so that banks won't have the toxic assets put back onto their balance sheets. Why are we still bailing out banks 3 years after the crisis? This is theft from the taxpayer, pure and simple.