I was fine with like 80% of Obama and like 60% of Clinton’s actual policies while enjoying the economy that I don’t credit him for. But then W Bush was like a 10% and Trump 1 maybe 15% (Warp Speed, passing the vast majority of Covid stimulus, ironically all the stuff he’s against now) and I’m batting zero so far on Trump 2 but I assume at some point he’ll do something I agree with.
The only possibility of me agreeing with this old fuck is him stepping down as President… But then we would have to deal with a Vance Presidency and I’m not sure that would be better
Neil Barofsky, the bailout inspector general, later testified that protecting the banks was the actual goal. The administration’s aim was to “foam the runway” for the banks, as Barofsky witnessed Tim Geithner tell Elizabeth Warren. HAMP failed, in other words, because it was not designed to help homeowners.
As a result, in many cases HAMP actively enabled foreclosure. Its re-default rate — the fraction of people who got a modification and later defaulted out of the program — was 22 percent as of 2013. Only about $15 billion of the original $75 billion appropriation was spent by mid-2016.
Out of an initial promised 4 million mortgage modifications — itself a drastic underestimate — by the end of 2016 only 2.7 million had even been started. Out of that number, only 1.7 million made it to permanent modification, and of those, 558,000 eventually washed out of the program.
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Former Wells Fargo employees later testified that the bank deliberately tricked middle-class black families (who they called “mud people”) into subprime “ghetto loans.” Overall, a Center for Responsible Lending study found that from 2004 to 2008, 6.2 percent of white borrowers with a credit score of 660 and up got subprime mortgages, while 19.3 percent of such Latino borrowers and 21.4 percent of black borrowers did.
The effects of the foreclosure disaster are starkly apparent in Survey of Consumer Finances data. To start, the homeownership national rate shows a marked decline over almost the whole Obama presidency, reaching the lowest rate since 1965 (before slightly rebounding).
Obama was pretty decent no? He managed to at least speak normally.
As much as I despise Obama for vastly expanding our extrajudicial drone strike policy… All things put into perspective, yeah he was pretty decent.
yeah. rip abdulrahman alawaki though
I was fine with like 80% of Obama and like 60% of Clinton’s actual policies while enjoying the economy that I don’t credit him for. But then W Bush was like a 10% and Trump 1 maybe 15% (Warp Speed, passing the vast majority of Covid stimulus, ironically all the stuff he’s against now) and I’m batting zero so far on Trump 2 but I assume at some point he’ll do something I agree with.
The only possibility of me agreeing with this old fuck is him stepping down as President… But then we would have to deal with a Vance Presidency and I’m not sure that would be better
How Obama Destroyed Black Wealth
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That’s an absurdly low bar.
Yes but look at the people who becomes US presidents. The bar needs to be low or none of them can reach it.