Here We Go Again: Obama Pushes Banks To Lower Home Loan Standards
Recently, White House Press Secretary Josh Earnest said the following: "One of the key legacy achievements of this presidency will be the important reforms of Wall Street. Those reforms have led to a financial system that is more stable and ensures that taxpayers are not on the hook for bailing out financial institutions that make risky bets."
Evidently the Obama administration has a different definition of “risky bets”, and “taxpayers not on the hook” than most people, because as the Washington Post reports: