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mortgage watch

November 4th, 2008 by admin



mortgage watch
Why did the Chicago Mercantile Exchange tell Obama his mortgage plan stinks?

http://www.cnbc.com/id/15840232?video=1039849853

This is an interview perform on CNBC yesterday. CNBC’s Rick Santelli and the traders on the floor of the CBOE express outrage over the notion they may have to pay their neighbor’s mortgage, particularly if they bought far more house than they could actually afford, with Jason Roney, Sharmac Capital.

Watch the video and tell me how you feel about Obama’s mortgage plan now.

Because it’s a redistribution of wealth. Obama is forcing banks to refinance them at 2% interest and having tax payers pay their interest payments. It’s insane. They’ll still end up in foreclosure and forcing the banks to loan to people that can’t afford their home is exactly what got us in this mess.

It’s Always Sunny in Philadelphia Season 5 Episode 1 The Gang Exploits the Mortgage Crisis PROMO

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