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Obama Spending $313 Mil on Palestinian Mortgages
Posted By Daniel Greenfield On August 28, 2013 @ 10:10 am In The Point | 15 Comments
Financing mortgages for Muslim terrorists combines two of Obama’s interests into one horrible black hole.
The valiant search for the best way to throw money into a giant metaphorical hole continues. So far Palestinian Home Mortgages is running neck and neck with Carbon Credits and Lesbian Duck Studies.
Palestinian mortgages unlike Lesbian duck studies however help funnel money to Palestinian construction companies which tend to be run by terrorists and their supporters for added destructiveness making this a sure winner.
The U.S. government will fund $313 million in home mortgages for Palestinians living on the West Bank, according to a Government Accountability Office report released Monday.
The U.S. will also guarantee $110 million in loans to small- and medium-sized businesses located on the West Bank.
The mortgage and business-loan activities will be conducted by the federal Overseas Private Investment Corporation (OPIC). “OPIC is the U.S. Government’s development finance institution,” says OPIC’s website. “
“U.S. agencies and implementing partners participate in various programs with the Palestine Investment Fund (PIF) or PIF-owned entities that include home mortgage financing, loan guarantees, and educational initiatives,” says the report. “First, the Overseas Private Investment Corporation (OPIC) along with PIF and other entities have committed to lend $485 million to the Affordable Mortgage and Loan Company (AMAL) to support mortgages for low- and medium-income borrowers in the West Bank.
Americans being evicted from their homes could use some of that money, but they’re not Muslim terrorists do they don’t get a taste. Not unless they can think of an even better and more destructive way to waste money than financing mortgages for Muslim terrorists.
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