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Why did the 0bama admin put restrictions?
on homeowners who needed to restructure their loans after the housing market crash, but no restrictions at all on the corporations and bankers he doled out $1 trillion of our taxdollars to? Most people can't qualify for the refinancing...
7 Answers
- tonalc2Lv 79 years ago
You mean homeowner restrictions like the Home Affordable Modification Program? Or the Homeowner Affordability and Stability Plan? Or maybe the Making Home Affordable Program?
Yes, politicians are in the pockets of bankers; both Bush and Obama doled out the TARP money. Fun fact: a large portion of this has been paid back by Goldman Sachs, Morgan, Wells Fargo, BONY and other big banks.
- Richard EnglandLv 69 years ago
Obama bailed out the people that caused the crash - goldman sachs. then it turned out they didn't need a bailout and produced a profit in the same quarter but they still got Obama's gift.
Source(s): facts - 9 years ago
Sorry Freedom.. but Swampie's right...
And actually TARP has broken even... with the monies paid back to the FEDS close to, if not equalling, what was paid out....
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- Anonymous9 years ago
Actually, Bush signed the TARP monies that went to the banks.
The Stimulus package ($787 Billion) mainly went to State/Local government projects + 37% were Tax breaks back to American taxpayers.
I realize politics is confusing. I know you were trying to really post something of substance...
