Obama Moratorium on Foreclosures a Bad Idea

Obama's plan for a 90-day moratorium on foreclosures seems like a bad idea. It seems to stem from Obama's rap that banks are just out to "rip off" the people.

In case Obama hasn't noticed, MANY big banks have either folded or are near the brink. Telling banks that they can not even access the dismal mortgage assets that they own is not overly bright.

Let's face it. The number one reason for this credit crunch has been this IDIOTIC EMPHASIS on putting poor people into homes that they can't afford.

If banks can't get their payments, then the only thing that they have is the collateral that was put up for the loan. Namely, the house.

Considering the difficult position that banks are currently in, it is hardly intelligent to be beating them up further! The LAST thing that we need in the middle of this "credit crunch" is to have some old-fashioned, business-hating, leftist come along and further punish the "evil" banks who are "ripping off" the pee-poe (as Obama specifically says in one of his many obnoxious ads).

So, I am waiting patiently to see some of the much-vaunted "judgement" of Our Savior, Wonderboy. Savior of America. Harbinger of The Great Change! The Second Coming of Jebamus. Halleluyah! Praise Jeremiah Wright and His Holy Angel, Man of the Year Louie Farrakhan. Halleluyah.