International Property Investment » us foreclosure plan http://internationalpropertyinvestment.com Property Investment around the World - Buying Investment Properties Wed, 10 Mar 2010 12:12:40 +0000 en hourly 1 admin admin International Property Investment Blog No No US Foreclosure Bailout Plan Doomed to Failure http://internationalpropertyinvestment.com/us-foreclosure-bailout-plan-doomed-to-failure http://internationalpropertyinvestment.com/us-foreclosure-bailout-plan-doomed-to-failure#comments Thu, 19 Feb 2009 18:05:03 +0000 Mark Knowles
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http://internationalpropertyinvestment.com/?p=1753 I have just finished reading through the great Barack Obama’s fix for the foreclosure mess in the USA which will magically mend the world’s housing woes. NOT!

For those of you expecting a quick fix to the financial crisis, sorry to disappoint, but this is just another $275 billion of US taxpayer’s money pissed down the toilet. Ignoring the fact that the whole mess started by lending cheap money to people who could not afford to make the payments and doing more of the same is just…………. Not even sure I know what word to use actually. If any individual acted the way the governments and banks are doing, I guarantee they would be behind bars this very minute.

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