To quote Yogi Berra, “It’s like deja vu all over again” – Obama administration pushes banks to make home loans to people with weaker credit

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 could open the door to the risky lending that caused the housing crash in the first place.

Oh this will end well.

This entry was posted in finance, financial crisis, you can't make this stuff up. Bookmark the permalink.

Leave a Reply

Your email address will not be published.