Site for Free Markets and Free People

Thursday, February 09, 2012

State governments, aided and abetted by Obama and ACORN-linked groups like National People's Action, have struck a deal to extort $26 billion from five banks and give it to people who bought houses that they couldn't afford.

Oh, and one of those banks, Ally Financial (formerly GMAC) still owes American taxpayers $12 billion, so American taxpayers will obviously footing their portion of the bill. Just another notch in Obama's goal of wealth redistribution.