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The PJ Tatler

by
Bryan Preston

Bio

April 3, 2013 - 7:26 am

Sigh. It’s as if the last decade never happened.

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.

President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession.

In response, administration officials say they are working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs — including those offered by the Federal Housing Administration — that insure home loans against default.

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.

Read the rest. And buy gold and silver. The government may not sanction banks that lend to people who haven’t followed the White House’s advice on budgeting and credit management, but the laws of economics will.

Bryan Preston has been a leading conservative blogger and opinionator since founding his first blog in 2001. Bryan is a military veteran, worked for NASA, was a founding blogger and producer at Hot Air, was producer of the Laura Ingraham Show and, most recently before joining PJM, was Communications Director of the Republican Party of Texas.

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Every move of this administration has only one goal: destroying America's might. Economic might, military might.

The GOP should understand that, and should stop playing politics as usual.

But then again, I have said all this for years and nobody has listened.
Because it sounds like a conspiracy theory.
Instead it is the analysis of the moves of a gang of internationalist subversives.









1 year ago
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Banks should just ignore this ignoramous.
1 year ago
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