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When even the left-leaning Aaron Task of Yahoo! Finance sides with banks over the Obama administration, you know that the administration has again overreached, again demonstrated their unique blend of demagoguery, lack of understanding of business, and contempt for capitalism:

http://finance.yahoo.com/blogs/daily-ticker/government-wants-harp-loans-doesn-t-want-banks-142400249.html

About the Author

Ross Kaminsky is a self-employed trader and investor and is a senior fellow of the Heartland Institute. He is the host of The Ross Kaminsky Show on Denver’s NewsRadio 850 KOA at 11 AM on most Sundays. You can reach Ross by e-mail at rossputin(at)rossputin(dot)com.

http://spectator.org/blog/2012/06/18/obama-administrations-socialis

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