Jumbo Corporate Welfare

Dr. Housing Bubble comments on this news from the Washington Post about how it is Getting Easier to Get Big Loans.

In what is now becoming a bigger and bigger joke where financially responsible folks are the butt of ridicule, they are going to remove the safe guards of giving money to folks in declining markets without them putting more skin in the game.  Forget about the fact that the markets are declining because folks went into the housing game with no skin and lower standards to begin with!   

We are living in a Twilight Zone episode in which the “solution” to our problem is the problem. This is utterly stupid and virtually guarantees a taxpayer bailout whether we want it or not.