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My housing plan has already helped more than two million people refinance their mortgages sales are up -- closures are down.
-- as the president and he should be taking -- But I housing rebound after all he would be be taking the blame if the housing situation were awful.
But when he says these rescues.
And mortgage rewrites are big reason why hate and now that he wants even more than to keep -- going.
Does that sort of -- the whole credibility.
Saying it was one of his closest business buddies on whether it makes -- Robert wolf what do you -- Nice to be in their -- good to have you thank you.
I actually think we should allow these people -- refinance.
If they are playing by the rules even if their mortgages out of war under water.
Because it's good for the country but a fraction of them actually make good on -- and other words it it it only.
Pushes them further for many of them to the same old condition but -- on the balance sheet right now the credit risk is already -- for Fannie and Freddie.
The chances of these being paid off.
Because interest rates will be at a lower level is a much higher percentage.
Than having them paid off at -- -- a level that's one in that currently paying them off.
But a lot of them require -- some cells right and a lot of you have run a bad position and opinion just as bad position I'm not denying that summer help.
But the numbers on this show that seven out of ten are not and other words there's still -- -- in deep do do.
And I'm not saying this is a callous person but sank.
Maybe it's time to just cut this period.
Because it's just prolonging the agony those are two different questions one is on the refinancing -- I think if you currently if you count on the refinancing.
You should get the benefit of what the Fed's been doing on lower mortgages.
By the way it doesn't help when we have an easy monetary policy.
-- these people.
Okay would actually help the directive caught economy do better in the not really -- you can understand where general Americans would say you've been keeping up but their bills and -- How's the state in the Bennett and I'm not American -- took us off to make sure payment mortgage and I'm not getting the -- Actually they should be getting the benefit did not under water so for example if someone goes buys a new home where they get the benefit of the low rate.
If so -- currently in their home.
But just that the loan is on the mortgage but they're current on their home -- -- -- which and we give them benefit of the lower rate but what does it -- hardware and it.
If they're not that's different or better than not that's where you would say that that's been -- Howard came over because if they're not current then so then speaking that you could word magic get a second third fourth fifth.
Mortgage rework program even -- would -- -- Cecil businessmen know enough.
I would say it's about that amazed at the point where -- underwater and -- not current.
Okay that we need to start for closing these types of homes okay could I switch gears Robert your mind which voted to -- about some of these scandals enveloping unit neat but it might not -- -- inning but.
Between -- Hannity reporters of the justice -- which is one charge.
Another the IRS going -- conservative groups.
-- -- even -- Ghazi -- for the time being with the administration when a new and a lot of the bubbling up -- -- -- -- I arrest thing I only know what I'm reading but it seems to me sing any independent agency singling out any group.
OK to me is outrageous I did you see any logic behind it.
I don't know enough -- okay.
But it seems to me that -- -- the IRS may have kinda cross the line on this one.
OK if you singling out a group the last all the -- we saw huge increases of tax credits for certain types of group and they're looking at that.
-- that would be understandable.
Maybe but then who would make that while under the lot we don't know.
But do you think that's something that did you -- some rogue RS agents who -- don't like these groups.
What would it have to come from higher up a bit but by -- I'm just thinking went the way Richard Nixon had an enemy's list and use the IRS is a tool for -- I mean I would call -- do a lot of things I mean I think you have millions of people that are being looked at on their taxes at junior levels before this this pyramid would ever began.
My guess is someone saw.
You know a group that's that are taking tax credits and they started looking at that I would hope.
That it stated a lower allowable but you giving this a bigger credibility issue at stake in that -- the image it a lot of the president's.
Supporters admirers had is not the realignment it's it's been.
Listen I don't put this I mean I believe the president made a comment today equally saying that this cannot be -- you know can not be.
Taken on any way that this gets done.
And I think.
He would agree.
That independent agencies have to kinda keep everyone but -- -- was ahead and they IRS is saying you know little more than a few months ago that this sort of stuff wasn't going down.
Either he's a liar or stupid.
So either way he should lose his job listening we're gonna find out one way or the other how this all came about and -- with respect to the -- thing I just read it here right.
You know I don't really understand -- now what is the give someone the right to do this wiretapping and surveillance one way or the other it's been happening for over a decade.
And so you know I think we need to figure out the facts here as well which my guess in the coming days we will.
You always are gonna like try to remember a number times over the years including.
-- -- the inauguration day and one of the things you said well -- -- the economy.
Is improving economy's getting better and I'm thinking in light of these scandals a potential scandals.
That might be the saving grace -- the president it's nothing like the environment forty years ago this very month of summer when we had the Watergate hearings starting.
In an environment that was economically atrocious the good economy -- Bill Clinton the good economy save Ronald waited for Iran Contra.
So you could make an argument that if this continues the good economy could weather.
-- but they're sending serious.
Well certainly we're all glad the economy's doing well both from the stock markets in the housing -- those the two bookends.
We will like to see the economy do better GDP growth is still a two and a half percent so we're not bring in the -- saying this is amazing but the employment numbers a good.
You know they're north those you know 175 us plus plus those senators and unemployment is still too high you know I I think -- -- getting excluded not some kind of but there's the president you know listen you know me I'm close the president I don't I am I don't think these things.
Really touch him you know -- most of the present but I don't mean to believe belabor the point -- do you trust them yes do you could you see him.
The saying directly or not.
Get the Justice Department and these guys get the -- means it could you envision an any of those nixonian qualities to this guy now.
Okay when Robert wolf just are what make --
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