Obama's Sin - Comment - Israel News | Haaretz Daily Newspaper
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    • Michael Davison
    • 10.11.10 | 07:10 (IST)

    Was in allowing the policies of Bush to continue unabated. The bank bail-out gave the banks the money from the lost mortgages--AND still allows them to close on the mortgage defaulters, so they make money twice on the same asset and put people out on the street. IF obama really wanted change, he would have changed the bail-out conditions, giving the money to the homeowners about to lose their homes to pay the banks. The fact that he didn't do so increased the number of homeless AND enriched the banks--which was exactly the intention of Bush.

    from the article: The alchemist (II)
    First published 01:03 09.11.10 | Last updated 01:03 09.11.10
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