Obama's faltering housing fix: $50 billion homeowner aid pledged, only $3.7 billion spent

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Obama’s faltering housing fix: $50 billion homeowner aid pledged, only $3.7 billion spent

Obama’s faltering housing fix: $50 billion homeowner aid pledged, only $3.7 billion spent

He has the power to stop the fraud, he had the power to keep people from becoming homeless.

HE FAILED YOU MISERABLY!


Bloomberg Business Week-

Three years ago, when President Barack Obama unveiled his plan for solving the U.S. housing crisis, one in five borrowers owed more on mortgages than their homes were worth, banks were repossessing 74,000 homes per month and sale prices had plunged 30 percent from their 2006 peak.

“All of us will pay an even steeper price if we allow this crisis to deepen — a crisis which is unraveling homeownership, the middle class, and the American Dream itself,” Obama told the audience gathered at a high school in Mesa, Arizona, an area with one of the highest foreclosure rates in the country.

[BLOOMBERG BUSINESS WEEK]

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One Response to “Obama’s faltering housing fix: $50 billion homeowner aid pledged, only $3.7 billion spent”

  1. Sarah Frurgensen says:

    As much as his administration is allowing families to be tossed into the street, we can’t ignore Fannie, Treasury, and others since they too have decided a war on the “little people” is “ok.”

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