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Wednesday, August 25, 2010

'Obama housing plan fails'

'Obama housing plan fails'

As President Barack Obama's housing program fails, big banks are basking in success. The president's HEMP plan did nothing to save the average or middle class Americans home, making the housing crisis worse. Nomi Prins says banks aren't stepping up to help homeowners because they don't have too; there is no incentive for them to, when all they would be doing is making less of a profit.


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