Obama is going to get tough with the evil moneylenders!

From Gatewaypundit.com
http://bit.ly/b8eCpK


Washington Post reports:
The Obama administration plans to overhaul how it’s tackling the foreclosure crisis, in part by requiring lenders to temporarily slash or eliminate monthly mortgage payments for many borrowers who are unemployed, senior officials said Thursday.

Banks and other lenders would have to reduce the payments to no more than 31 percent of a borrower’s income, which would typically be their unemployment insurance, for up to six months. In some cases, administration officials said, a lender could allow a borrower to make no payments at all.
Remember this lady? Sure you do. Well she was right!

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