Tuesday, February 2, 2010

The Next Taxpayer Bailout - Federal Housing Administration

Since the Federal Housing Administration dug this hole by backing risky loans from suspect financial institutions.......I say bury them in it. I have no doubt that we will be told that they are too big or important to fail so the tax payers will foot the bill on this one too.
With any luck - "The One" will use some of that stimulus money to hire an undocumented worker to grease up the boot before they stick it to the taxpayers.

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