Breaking Down The Housing Plan

Obama's Latest Scam

During an address in Virginia last week, President Obama announced that he would send a significant refinancing plan to Congress that would be designed to alleviate the distress of homeowners who hold underwater mortgages. He assured the Falls Church audience that his plan would not help those Americans who knowingly bought homes they could not afford or who bought a house "to flip for a quick buck." The plan is for those who have underwater mortgages through no fault of their own...cont...

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