April 03, 2013

Pete and Repeat


The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place

Housing officials are urging the Justice Department to provide assurances to banks, which have become increasingly cautious, that they will not face legal or financial recriminations if they make loans to riskier borrowers who meet government standards but later default.

When the loans go bad Obama and Barney Frank will hold a joint press conference and sing Its All Boooshes' Fault in blessed show tune type harmony.

By Howie at 08:25 AM | Comments |