{"id":35170,"date":"2010-04-15T01:01:01","date_gmt":"2011-05-19T01:10:03","guid":{"rendered":""},"modified":"2011-05-19T01:10:03","modified_gmt":"2011-05-19T01:10:03","slug":"regime_to_banks_forgive_principal","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/04\/15\/regime_to_banks_forgive_principal\/","title":{"rendered":"Regime to Banks: Forgive Principal"},"content":{"rendered":"
\n

RUSH: All these stories on foreclosure, and they\u2019re all over the place. I must have three or four stories on the foreclosures and how they are at a record high and how we\u2019re all upset. Let me tell you what this is. A coordinated effort from the White House and in the highest offices of the regime, all the way down to the State-Controlled Media because if it\u2019s not happened yet, what has happened, and you\u2019re going to notice it, there is a big push to make the banks forgive the principal on mortgages, not the interest, but to forgive the principal. That\u2019s where Obama is headed next. And the financial regulatory reform bill that is lingering there in the Senate, it\u2019s passed the House, it\u2019s even got people like Jamie Dimon, JP Morgan Chase. I mean the signal has been sent. ‘You are going to run the financial industry the way we want it to or we are going to run it for you.\u2019 And so Obama\u2019s making a big push now for these banks and lenders to forgive the principal on the mortgage. The banks say they can\u2019t afford to do it. The question the banks are going to face, ‘Can we afford not to do it if our only option is Obama coming in here and threatening to shut us down if this regulatory reform bill ever gets signed into law.\u2019 <\/p>\n

So we can\u2019t give the bank CEOs a national forum, we don\u2019t dare call hearings with those guys up there. But Khalid Sheikh Mohammed and his merry band of terrorists? Oh, yeah, you want a public forum, sheik, fine, we\u2019ll give you you a $200 million trial a year in New York, or wherever you can do it and you can rail against this country for as long as it takes us to try you, but we can\u2019t have any CEOs come up there and give them a national forum in front of Waxman\u2019s committee about the costs associated with the new health care reform bill. You know, bankers, bankers, are far more evil than the biggest mass murderer of Americans in our nation\u2019s history. Don\u2019t you understand that? Bankers and CEOs. Yeah, they\u2019re far more dangerous. We can\u2019t let the country hear from them. But Khalid Sheikh Mohammed murdered 3,000 Americans, fine, bring him up, give him a trial. America is the problem in the world. And we\u2019re going to tell everybody that we know it. And we\u2019re going to let the people who think we\u2019re the problem in the world have a forum. And we\u2019re going to pay them to let \u2019em run off at the mouth, and we\u2019re gonna hire their lawyers for them to boot. <\/p>\n

But let CEOs come up and tell how the health care bill is hurting, ah, ah, ah, ah, let bank CEOs come up and explain why you really want us to just give away the principal on these mortgages? We can\u2019t afford to do that. Has there ever been such a — somebody help me out here because we\u2019ve been hearing this for a year, going to be a jobless recovery. Has anybody ever heard of that before? I have not, either. I have never heard of a jobless recovery. I guess it\u2019s just part of the newspeak, the newspeak for Obama. And the banks say, ‘If you make us forgive the principal, that\u2019s going to dry up credit completely. We can\u2019t loan to anybody if you do that because if they can\u2019t pay \u2019em back you\u2019re turning us into public utilities; you\u2019re turning us into instruments of redistribution.\u2019 Which, by the way, is the objective. And the banks, of course, Wall Street, that\u2019s the reason for the bad economy. You heard Little Timmy Geithner say so yesterday. You\u2019ve heard others in the administration and the Democrat Party say that that\u2019s going to be their campaign technique. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: All these stories on foreclosure, and they\u2019re all over the place. I must have three or four stories on the foreclosures and how they are at a record high and how we\u2019re all upset. Let me tell you what this is. A coordinated effort from the White House and in the highest offices of […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\nRegime to Banks: Forgive Principal - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/04\/15\/regime_to_banks_forgive_principal\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Regime to Banks: Forgive Principal - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: All these stories on foreclosure, and they\u2019re all over the place. 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