Obama's Finance Chair Tied To Subprime Scandal
• Loan Modification & Home Loan NewsObama has been mostly silent in regards to his policy on the mortgage and housing crisis. He has done little to address the millions of Americans that are “suffering” as a result of these loans they were sold by irresponsible lenders. Why? Well
http://bobmccarty.com/2008/02/14/obama-finance-chair-tied-to-subprime-scandal/
Kudos to Goyette. Tis boils down to a Savings and Loan style bank failure. Only instead of the creditors and the depositors getting paid ahead of the principles who own the bank by the FDIC, someone in the FDIC was paid off to use taxpayer funds to pay off the principles failed investment and leaving the depositors short. That isn't the way the FDIC law reads. Now the billionaire principle in charge is Obama's finance chair.