The $25 billion pact made between the U.S. government and its largest mortgage lenders to reimburse underwater homeowners amounts to a “shake down” and a “textbook case of social justice,” Rush Limbaugh said today on his radio show.
Limbaugh said none of the borrowers will see a dime of that money because “this is nothing but a slush fund.”
“This is all part of continuing the ruse that the banks were the originators of this scandal and the originators of the problem,” he said.
He questioned his listeners how anyone could be tricked into taking out a mortgage.
“This is Obama servicing his constituents,” he said. “Why should people be rewarded for being behind in their house payments? Why should the rest of us, including responsible homeowners and renters, have to pay higher ATM fees and banking fees . . . to pay for this $25 billion.”
© 2013 Newsmax. All rights reserved.