YOU'VE BEEN WARNED! -- FHA Needs $943 Million Bailout

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YOU’VE BEEN WARNED! — FHA Needs $943 Million Bailout

YOU’VE BEEN WARNED! — FHA Needs $943 Million Bailout

This is ridiculous and a complete failure over and over. Just recently they told us they didn’t need no stinking bailout and we always knew this was BS.

Reuters-

The cash-strapped Federal Housing Administration will likely require a $943 million taxpayer bailout to cover expected losses on loans it insured as the U.S. housing bubble was deflating, the Obama administration said on Wednesday.

It would be the first bailout of the government’s mortgage insurer in its nearly 80-year history.

The White House estimated the FHA has about $30 billion on hand, but said its cash reserves would likely be swamped by souring loans.

[REUTERS]

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2 Responses to “YOU’VE BEEN WARNED! — FHA Needs $943 Million Bailout”

  1. Sarah says:

    Hensnarling is a corrupt little rat. Fake outrage from mobsters is disgusting. He knows full well these loans were given out by his friends in Banksterdom, that is who will need, once again, a bailout. The lies are impressive on a daily basis, they are very predictable from the stupid side of the oligarchy.

  2. Sarah says:

    Fred Thompson and Henry Winkler are just a few of the celebrities busy selling what would otherwise, or in another time period, be considered a scam, rather than a product. Who exactly needs a bailout again? Do people working in the Government set up the Government to fail for profit in the “private” sector? Yes they do.

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