Wednesday, May 30, 2012

Barney Frank: Obama Rejected Bush Administration Concession to Write Down Mortgages | naked capitalism:
"I tried to get them to use the TARP to put some leverage on the banks to do more about mortgages, and Paulson at first resisted that, he just wanted to get the money out. And after he got the first chunk of money out, he would have had to ask for a second chunk, he said, all right, I’ll tell you what, I’ll ask for that second chunk and I’ll use some of that as leverage on mortgages, but I’m not going to do that unless Obama asks for it. This is now December, so we tried to get the Obama people to ask him and they wouldn’t do it."

Let's face it: Obama just does not give a shit about you.

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