How much insurance would that provide for American citizens?
Obama Funding $313 Million In Mortgages For Palestinians On West Bank?
Gateway Guest Blogger Aug 27th, 2013 3:05 pm Leave a Comment
Guest Post by Mara Zebest
Our tax payer dollars at work? The U.S. government will not only fund $313 million in home mortgages for Palestinians living on the West Bank, but will also guarantee $110 million in loans to small and medium sized West Bank businesses. Isn’t there enough economic damage and corruption with welfare entitlement programs in the U.S.? Should we really be expanding to the Islamic territories?
CNSNews reports the following:
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. “OPIC provides financial products, such as loans and guaranties; political risk insurance; and support for investment funds, all of which help American businesses expand into emerging markets.”
The GAO report released Tuesday described some of the actions OPIC is taking in the emerging market of the Palestinian territories.
http://www.thegatewaypundit.com/201...n-in-mortgages-for-palestinians-on-west-bank/
Obama Funding $313 Million In Mortgages For Palestinians On West Bank?
Gateway Guest Blogger Aug 27th, 2013 3:05 pm Leave a Comment
Guest Post by Mara Zebest
Our tax payer dollars at work? The U.S. government will not only fund $313 million in home mortgages for Palestinians living on the West Bank, but will also guarantee $110 million in loans to small and medium sized West Bank businesses. Isn’t there enough economic damage and corruption with welfare entitlement programs in the U.S.? Should we really be expanding to the Islamic territories?
CNSNews reports the following:
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. “OPIC provides financial products, such as loans and guaranties; political risk insurance; and support for investment funds, all of which help American businesses expand into emerging markets.”
The GAO report released Tuesday described some of the actions OPIC is taking in the emerging market of the Palestinian territories.
http://www.thegatewaypundit.com/201...n-in-mortgages-for-palestinians-on-west-bank/
