Everyday more and more Americans are waking up to the reality that the Obama/Axlerod/Soros administration is intentionally doing all possible to destroy our economy. As Americans are changing life styles and spending habits to adapt to this reality the economy is showing signs of possibly beginning to stabilize.
The Obamunists will have none of that!
They spentus into serfdom, we each owe about $46K , they imposed draconian regulations to strangle business, they are trying to make us pay for the right to be alive, they unleashed upon the population an army of hell spawned “czars” , the corporate tax rates are the second highest on the planet and yet, and yet America just told these communist scum to go jump in a lake and the economy still has a herat beat.
What’s next?
The Obamunists like all “true believers” have a one track mind, “let’s do more of the same” and in this case they will continue to do all possible to destroy us. To that end they are enlisting the help of their most faithfull and well paid lackey, the bankers. The rumors started a couple of weeks ago and earlier this week we had confirmation. The Obamunists are now focusing on further collapsing the housing industry, and why not? The manufactured collapse of the housing industry got Obama elected didn’t it? They will do it again!
The MSM reports that “major manks” are proposing increasing the mortgage down-payment to 30% In general, a requirement that a purchaser make a bigger downpayment , not of just homes but any large ticket item, is made when demand far outstrips supply and banks or manufacturers are trying to curtail said demand. In China for example where the economy is booming the government has raised the down payment requirements for government funded homes to 30%. Is our economy booming? Is there such a big demand for housing? Hardly!
Under the guise of having to comply with the Dodd-Frank act ( did you really expect anything good to come for the unholy alliance between a drunken degenerate and a drunken degenerate homosexual?) the “banks” are saying that they have to raise down-payment requirements. Isn’t it fortuitous that these “requirements” just happened to be put in there by the two creatures at the very center of the housing collapse?
The result
What will happen if the the “banks” go trough with this? Well two things would happen and ask yourself would Obama and his handlers be opposed to any of these? First the housing sector would further collapse and unemployment would skyrocket again adding hundreds of thousands if not millions to the unemployment lines. Obama and the communists would then intensify the class battle they’ve been waging and at the very least Obama would get reelected, at worst…
The other thing that will happen is that the only mortgage to be had would be government issued mortgages and the leftist dominated Fannie Mae would controll and ever increasing portion of the mortgage market . Do you want to buy a house? Well whom did you vote for? What skin collor are you? White? Oh noooo, no mortage for you, you Tea Party, Christian, Heterosexual Veteran you we have to give the money to those who deserve it just ot be fair.
Who is behind this
Troughout this post I’ve place the word “banks” in quotations for a very good reason. The MSM is reporting this story as something the banks want to do but reality is that it is one very particular bank, Well Fargo. As you know Wells Fargois owned and controlled by one of Obama’s biggest and wealthiest supporters none other than Warren Buffet. Just try to do a Google search for any thing resembling “Wells Fargo requests 30% downpayment for home buyers” you won’t find it, you are not supposeed to. Even articles that do mention it burry it deep in the article or in this case at the very end
“Wells Fargo & Co. suggested a 30 percent down-payment requirement, according to a letter the bank sent to the Treasury.”
The bankers are paying back Obama for all the money he stole from you and gave to them.