"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Obama's Next Bailout
Submitted by Westernerd on Sat, 2012-02-04 03:00
"Under a revised White House program, second homes—whether owned as a rental property investment, as a vacation home, or just as an extra mortgage from a house-flipping project gone array—are now eligible for taxpayer subsidies to reduce the principal on the underlying mortgage. This means that even though you made a poor investment decision with that home in Miami, taxpayers will now help foot the bill to reduce your mortgage by several hundred thousand dollars at little cost to you."
0
Your rating: None
- Login to post comments
User Login
Search This Site
Recent comments
-
http://www.informationliberation.com/?id=6333520 weeks 2 days ago
-
“Madness is something rare in individuals — but...24 weeks 2 days ago
-
I wouldn't be surprised to learn that it's some kind...24 weeks 2 days ago
-
And they're just the ones that got caught.24 weeks 2 days ago
-
The fruits of Marxism: Complete and total insanity.35 weeks 4 days ago
-
Fortunately, he now has the money and the influence to not n...1 year 1 week ago
-
Look at the timing. They don't want CIA/MI6 funded...1 year 2 weeks ago
-
So that everyone responsible -- and those who would sue or p...1 year 8 weeks ago
-
Hey, don't you know that the word "unprecedented...1 year 9 weeks ago
-
Reminiscent of Cuba.1 year 10 weeks ago
more