Obama: New consumer protections 'essential' - Yahoo! News »
Posted By mpchekuri 4 months, 3 weeks ago in Political NewsWASHINGTON – President Barack Obama is warning critics of his vast financial overhaul plan that he has no patience for debate from hard-line defenders of a system that has exploited bewildered consumers. Pushing for a law this year, Obama said: "While I'm not spoiling for a fight, I'm ready for one."
Read Full Story at fe11.story.media.ac4.yahoo.com »
401 Views Share Story 5 Comments Report
Submitted By:
mpchekuri
I am a web designer, expert in PHP and ASP. I am professionally developer of web content.
RSS Join the Discussion
+ Add CommentComments So Far: 5 (view all)
-
libsRfunnyComment removed: Hard Banned
-
40%
Endoscopy4 months, 3 weeks ago
This comment is below the standard viewing threshold View It »
Typical liberal thinking. The housing bubble with the mortgage backed securities caused this mess. so what do they want to do?
Reply
"The Consumer Financial Protection Agency would take over oversight of mortgages, requiring that lenders give customers the option of "plain vanilla" plans with clear and affordable terms."
The problem is the CRA laws and other banking laws that forced banks to give bad loans. Are they changing the laws back to where they were before allowing the 0% down and no checking the ability to pay for the poor? No. HUD is wanting the CRA loans to be over 30% of the loans that banks give at this time. This is the Obama HUD that upped it to this. Ignore the problem and mess up everybody else. Typical liberal response.-
100%
orndorffter4 months, 2 weeks ago
This comment is below the standard viewing threshold View It »
Poor endo has to complane, whats wrong afraid Obama can get it done? you and you old wise cracks everyone is getting smarter about you, you would rather see this country fall rather then admitt that Obama can get things done where your presious drunken Bush couldnt.
Reply
-
-
-
More News
Fox News Politics
Lone GOP Supporter of House Health Care Bill Defends Vote
Obama Calls Passage of Election Law in Iraq a Milestone
Obama Predicts Senate Passage of Health Care Bill After 'Historic' House Vote
Obama Draws Criticism for Sitting Out Berlin Wall Anniversary
Lieberman Announces Senate Investigation Into Fort Hood Shooting
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.