On the other...
He argued the government still has a vital role in the mortgage market by guaranteeing "affordable housing" for lower-income Americans.
And how is that to be done?By ordering the Federal Housing Administration to back high-risk loans
. In other words Obama wants to kick-start another housing bubble by having Fannie and Freddie to back high risk loans so that those who "want a home can actually afford one."Those who want a home can actually afford one
? Think about that for a minute.
Read more: http://www.americanthinker.com/blog/...#ixzz2bKseqxAE