Machholz's Blog

What is truth?


That Deal Buffett and BAC

 

Is it all it’s cracked up to be ?

By RickAckerman

Buffett must have gotten something from Obama. Why else would he have
announced a $40,000-a-plate fund-raiser for the President before the ink had
dried on the B of A deal? Pretty unseemly, really. As ‘C.C.’ noted
in the Rick’s Picks forum
, the “Robin Hood of the downtrodden” has cozied up
to the second wealthiest man in America. So what might they have talked about?
The “housing problem” for sure. It supposedly will be one of the President’s key
talking points in the jobs speech he’s slated to give when his endless summer
actually ends after Labor Day. We expect the speech to mark Obama’s outward
transformation from elitist to populist. As such, we can expect to hear about a
plan that will purport to save homeowners rather than mortgage lenders, allowing
the former to refinance loans at low rates regardless of whether their homes are
underwater.

full article here at source:http://www.zerohedge.com/contributed/prepare-be-forgiven-ye-mortgage-sinners

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