So Explain To Me Again How Violence Isn't The Only Answer...

I just had to make this one a stand alone newsbite:

The Obama administration will extend mortgage assistance for the first time to investors who bought multiple homes before the market imploded, helping some speculators who drove up prices and inflated the housing bubble.

* CONGRESS NEEDS TO STOP THIS! THIS IS INSANITY!

Landlords can qualify for up to four federally-subsidized loan workouts starting around May, as long as they rent out each house or have plans to fill them...

* OR HAVE "PLANS" TO FILL THEM...?!?!

The program pays banks to reduce monthly payments by cutting interest rates, stretching terms, and forgiving principal.

* SO THE BANKS GET SUBSIDIZED AND THE SCAMMERS AND SPECULATORS GET BAILED OUT AND THE AMERICAN TAXPAYER GETS HOSED! GREAT! GOD BLESS OBAMA!

* FOLKS... YOU CAN'T MAKE THIS SHIT UP...!!!

The program is being enlarged after less than 1 million borrowers modified loans through HAMP, compared with the administration’s stated goal in 2009 of helping 3 million to 4 million homeowners.

* SO ONCE AGAIN, OBAMA'S REACTION TO FAILURE IS TO DOUBLE DOWN ON THE SAME POLICIES WHICH HAVE BEEN SHOWN TO FAIL! GREAT! WONDERFUL! SPECFUCKINTACULAR!

The government’s need to protect neighborhoods from blight and renters from eviction by keeping the current owners in place is outweighing concern that taxpayers will end up bailing out real-estate investors. “When we started the program we focused on owner-occupied houses because the need was so great and we wanted to target the efforts to that group,” said Massad. “Given where we are today, more and more people recognize that vacant properties are a problem no matter how they became vacant.

* LET THE OWNERS BARE THE BURDEN! IF THE BANKS OWN THE PROPERTIES WHY ARE THE TAXPAYERS PAYING THE BILLS...?!?! MAKE THE BANKS PAY...!!! LET THE BANKS SELL OR RENT OUT THE PROPERTIES!

John Burns, an Irvine, California-based real estate consultant, said it’s “ridiculous” for taxpayers to come to the aid of individuals who made bad bets.

“What kind of precedent are you going to set?,” Burns said. “Are you going to refund people who lost money on the stock market too?”

* KNOWING OBAMA... NOT OUT OF THE REALM OF FRIGG'N POSSIBILITY...!!!