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New mortgages DOUBLE after Obama plan

Discussion in 'Business & Economics' started by top gun, Apr 10, 2009.

  1. top gun

    top gun Well-Known Member

    May 15, 2007
    Likes Received:
    Ohio, USA
    Yes the news is out today. Just since President Obama unveiled his economic recovery plan in regard to the housing industry people receiving new and refinancing to new mortgages have doubled.


    Wells Fargo announces they will show a 3,000,000,000 (THREE BILLION DOLLAR) profit for the first quarter!!!

    These very important indicators and along with the stock market starting to make gains again should be seen as very encouraging to all Americans.

    I predict good housing sales this spring and as soon as some of the other pieces of the Obama Economic Recovery Plan (new jobs which always are at the tail end of a recovery) start to really take hold during 2009 - 2010 the final piece of the puzzle job growth will be on the upswing again.

    We're not out of the Bush Recession yet... but America is coming together to try and do just that!

  2. Pandora

    Pandora Well-Known Member

    Apr 6, 2008
    Likes Received:
    The people's republic of Eugene
    Wells Fargo did not want the tarp money, they were strong armed into it. They were doing ok before obama, so of course they are doing ok now.. and would pay back the tarp money they did not want but BO & CO wont let them.

    More people getting more mortages they cant afford, oh joy!

    A lady I know on welfair just got a 2 story 2900 square foot house.... There is no way she can keep up on the payments but that did not stop her from getting it. There are more out there like her, so joyfull day... a new housing bubble that will burst is just being blown

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