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Obama Pushes For Housing Bubble 2.0

OHPerry Wrote: Apr 03, 2013 1:40 PM
This bubble should pop just about the time I want to retire. That should make buying my retirement home much easier.

Got bad credit? Want to buy a home? You're in luck! President Obama is ramping up the country for housing bubble 2.0 as he urges banks to loan to people with poor credit so they can purchase a home. What could go wrong? Oh just about everything. And don't worry, the government is going to promise banks everything will be just fine.

The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say...