Obama, I Just Don’t Get It!
Mar 24th, 2009 by kyle
Yesterday, the U.S. revealed a plan to relieve banks of real estate debt by selling devalued real estate loans and mortgage-backed securities to help them raise capital and resume spending.
I guess I just don’t understand the full complexity of the whole thing, but isn’t that what got us in trouble in the first place. I mean, they are still selling sub-prime loans are they. How, after all that has happened, can they expect to make a profit and not lose their shirts again?
I would love to get some comments on this so that I can better appreciate that tactics that the Obama administration is employing. I believe in President Obama, I just don’t understand what this is really going to accomplish.
