Obama administration expands affordable housing plan

Comments (6)
JustProduce wrote:

Here we go again. Making another bubble.
And why not? We just blame banks for it and charge them billions for their unpopular actions.

Jun 26, 2014 5:14pm EDT  --  Report as abuse
unionwv wrote:

“The Obama administration on Thursday said it would tap Treasury funds to bolster the construction of affordable rental housing”

Here’s how that turned out in one Detroit affordable rental public housing project:

http://historicdetroit.org/building/brewster-douglass-projects/

Jun 26, 2014 6:41pm EDT  --  Report as abuse
stambo2001 wrote:

Even more people will be defaulting now that they have to, by law, purchase ‘medical insurance’.
Obama, the gift that just keeps on taking.

Jun 26, 2014 9:45pm EDT  --  Report as abuse
ready2013 wrote:

as one professor stated:
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.”

Jun 26, 2014 9:58pm EDT  --  Report as abuse
BGoldberg wrote:

GNMA is strong and I see no reason to bring it into this whole potentially reckless securitization scheme. Unless Obama is just looking for another way to destroy something that hasn’t yet been poisoned by his ill conceived ploys.

Jun 27, 2014 10:14am EDT  --  Report as abuse
CSParty wrote:

Obama, doubling down on the housing crash!

Jun 27, 2014 12:02pm EDT  --  Report as abuse
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