White House pushes for easier access to Home loans

[Pliny]

http://www.denverpost.com/nationworld/ci_22933371/white-house-pushes-home-loans-people-weaker-credit

Didn't government already try this? I know Pelosi and Reid really liked this idea in 2006. And Barney Franks was ecstatic. Clinton liked it, too.

Banks are cautious.

[Shady]

This is another great example of the "smart" power of the Obama administration. Harper tightens mortgage standards while Obama looks to push the same crap that led to the housing bubble in the first place. What a disaster of a president.

[GostHacked]

This is another great example of the "smart" power of the Obama administration. Harper tightens mortgage standards while Obama looks to push the same crap that led to the housing bubble in the first place. What a disaster of a president.

What we had here in Canada was a bail-in instead of a bailout. We have central banks tied into the global ponzi scheme. We will not be able to escape the financial troubles on the horizon. Remember the Canadian big 5 got the bail out last year that was not a bail out. But they still got capitol. If our banks were solid and not in any trouble at all, we would not have seen the 'non-bail-out' .... money even came from the US Fed to help out Canadian banks. So the banks are borrowing money from an entity that has no money to begin with since it is all created out of thin air. Gotta love devaluation.

[Shady]

What we had here in Canada was a bail-in instead of a bailout. We have central banks tied into the global ponzi scheme. We will not be able to escape the financial troubles on the horizon. Remember the Canadian big 5 got the bail out last year that was not a bail out. But they still got capitol. If our banks were solid and not in any trouble at all, we would not have seen the 'non-bail-out' .... money even came from the US Fed to help out Canadian banks. So the banks are borrowing money from an entity that has no money to begin with since it is all created out of thin air. Gotta love devaluation.

Anything to give Obama a pass huh? Not surprised.

[Michael Hardner]

The "bail in" as exposed by the Canadian Centre for Policy Alternatives was a government purchase of bank assets (I don't remember what kind) at a loss to the banks.

Yes, the banks got money, but that's like saying the pawn shop that bought your diamond ring for $50 so you could pay back your bookie 'bailed you out'. He didn't end up on the short end of the deal.

As for this - whatever it is - it's just stupid politics even if they're being more cautious than last time.