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Tuesday, March 15, 2011

Geithner, Obama Seeking "Quick" Extortion Deal with Banks

Tim Geithner said he wants to reach a multi-billion dollar global settlement deal with banks "quickly" to deal with their foreclosure servicing problems. (They dare to foreclose on those that can't or won't pay.)

This is another Obama scam. This money will go directly to those that Obama believes are "most in need" and are delinquent in their foreclosures, despite the fact that over half of all loan modifications become delinquent again within 6 months. In other words, more Obama bailouts, courtesy of big business and ultimately consumers.