Obama Doubles Down

Doubles-Down

“ Today, Obama will travel to Las Vegas where he will outline new steps to help borrowers refinance. The White House leaked the story to the Post’s chief competitors on the national newspaper scene, the New York Times and the Wall Street Journal, as well as Reuters. Quoting administration officials, here’s a portion of the Journal’s description of Obama’s proposal, which it says Obama is expected to talk about Monday:    The overhaul will, among other things, let borrowers refinance regardless of how far their homes have fallen in value, eliminating previous limits. The plan will streamline the refinance process by eliminating appraisals and extensive underwriting requirements for most borrowers. Fannie and Freddie have also agreed to waive some fees that made refinancing less attractive for some. Via Larwyn's Linx, Petty Punishment for the Washington Post exposes another Obama pettiness. The real story though is that, not for the first time, this nincompoop is giving us more of what poisoned us.