WAH? Obama admin funding $313 MILLION in home mortgages – for Palestinians in the WEST BANK

Sometimes all I can’t do anything except shake my head at the stuff our tax money is paying for under this administration:

CNS NEWS – 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.

“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.

“OPIC has committed to lend about $313 million; PIF has committed about $72 million, and two banks account for the balance of the committed lending,” says the GAO. “However, as of April 2013, OPIC and PIF had not yet disbursed any funds. Second, OPIC and PIF are co-guarantors in a Loan Guarantee Facility (LGF) program in the West Bank, guaranteeing up to $110 million and $50 million in loans, respectively, to nine regional banks to support lending to small- and medium-sized enterprises.”

The PIF is an entity that was created by the Palestinian Authority president.

“PIF is governed by a board of directors and a general assembly appointed by the Palestinian Authority President, and manages investments throughout a number of sectors, including real estate and hospitality, infrastructure, finance, capital markets, small-and-medium-sized enterprises (SMEs), and manufacturing,” says the GAO.

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  • Stehekin912

    You and me both, Scoop…and no one stops them.

  • waffle_anna

    What the actual… fuck? Is this a joke!?

  • sDee

    Further redistribution of American’s wealth. 
    The Saudis could build every damn one of them  home with a month’s worth of  oil revenue.  Instead we dumbshyts in America let our politicians borrow money from the Saudis which they turn around and “loan”  it to the Palestinians. They of course will all default and we will be stuck paying back our loan regardless.
    Palestinians get free houses. Saudis get us to pay for it with long term debt to them.
    Did I mention the Saudis got the oil money from us in the first place?

  • Laurel A

    So he is funding Palestinians much the same way he does illegals. Take what they want by attrition…and he is using you to do it.
    Everybody thank a Republican for not standing up to him!

  • Laurel A

    sDee Month? It would even take a day’s worth of oil revenue to build them a home.

  • Anotheronebitsthedust

    Why do we even need a program like OPIC? ugh

  • lawngreen

    This, and JJ Jr (per Breitbart.com) getting $8700 / mo. plus his pension during the 2.5 measly years he’s supposed to spend in prison. The $8700 / mo. is because he’s disabled from bipolar disorder.
    I feel so depressed lately. I wonder how much I can collect for my severe depression disability. It’s getting worse by the minute. Ohhh. Owww. Ouch.
    There is no law or justice in the US any more. On the bright side, that means we don’t have to obey all those laws that don’t exist any more. Unintended consequences. We’re free.

  • Tamikosmom

    Something is so very wrong with this picture.
    Egypt’s key player: Saudi Arabia
    The cancellation of military exercises by the US is just a symbolic gesture. Even withdrawing the yearly $1.3 billion in aid from Washington may be met by a shrug from al-Sisi.In fact, Saudi Arabia has pledged to cover that shortfall, if the US decided to go ahead with this threat.

  • Stehekin912

    Maybe the way to finally get this administration kicked out on its can would be to let the entitlement babies know that someone else is getting candy that they think of as rightullfy belonging to themselves.

  • stage9

    Oh good. I was beginning to think that our money was running a little too thin here in the States. IT’s good to know we can “share the wealth” with the rest of the world, especially those who hate us and our allies.

  • tinlizzieowner

    You know, sometimes I wonder if I’ve been transported to a distant galaxy somewhere, to a country that looks like the America I was raised in. When I read thing like this, a song from the past keeps coming to mind.

  • Conservative_Hippie

    The madness continues…(banging head against the wall)!

  • Army_Pilot1967

    What do obama and the Palestinians have in common?  Both are wasting our tax dollars, both hate Israel and both muslim in faith.

  • jimjjanda

    This utter and complete BULLSH_IT !!
    I swear I will continue to do everything I can to not pay taxes of any kind. These administration thieves are stealing money from taxpayers and giving to people who HATE OUR GUTS !! Just like black welfare recipients hate the white people who provide the tax money that pays for their Obama phones and cable bill while they can barely pay their own bills. F___ the IRS , F___ Obama, and F___every living Democrat Liberal POS. If more white people had the guts to do what I and others are doing we starve this miserable beast and get some influence back. But the sheeple are too intimidated by the tax man to risk everything to say go f__ yourselves. Well, not me. They’ve taken everything , my credit is ruined, and now I go to great lengths to keep their creepy,cretin, money-grubbing mitts away from what I have and make and it’s legal and they are powerless to do squat about it..

  • 12grace

    Why is obama still in office?

  • badbadlibs

    Question of the millennium.

  • badbadlibs

    Wow, is that ever a blast from the past. Written for today, no doubt. !

  • badbadlibs

    Laurel A 
    Think I’ll thank a republican and smack a democrat. Neither party gives a rats hairy behind about anyone in this country.

  • badbadlibs

    Any earthly idea why he gets so much? I know a woman who has lost both her legs at a young age, married and raising children and didn’t qualify for disability because her husband makes 19.00 an hr driving truck.

  • tinlizzieowner

    badbadlibs tinlizzieowner 
    They ARE ‘Coming to take us away’. Conservative sensibilities have no place in Obama’s America. 🙁

  • lawngreen

    badbadlibs I don’t know, but I would guess it’s due to his race plus his political connections.

  • lawngreen

    badbadlibs I don’t know, but I would guess it’s due to his race plus his political connections.

  • badbadlibs

    Well the woman I spoke of is white and has absolutely no political connections.

  • famouswolf

    Trying to buy support and look good in another country, while trying to step on others who are trying to take care of ourselves here in the nation he is supposed to be the president of. Typical of Little Nero.
    It’s just another way to waste money and hasten our collapse with unsustainable burden.

  • poorhardworker

    I want to unleash a string of obscenities…but I will refrain…and only ask “WHO THE “F” GAVE YOU PERMISSION TO SPEND MY (our) TAX DOLLARS LIKE THIS????

  • clevonlittle

    Conservative_Hippie great tag………..new word for today ” Obamafuscation ” , it means ” actions taken on behalf of Mr. Obama , that are not meant for public knowledge or that cannot be muddied in the daily press briefings ” . We believe that the word has origins in the Clinton years , however usage at that time was centered around denials of sexual conduct and was confused with the meaning of ” is , is ” . I know how you feel ……….

  • sDee

     If they bother to exercise a touch of independent thought. If they are even capable of independent thought.

  • imatellau


  • JohnQueue

    Great.. more terrorist funding in the guise of false fronts…terrific. I’m all warm and fuzzy about it.

  • The Sentinel

    I’d just as soon see them burn it. Oh wait, that’s right, they’ll just print more.
    I wouldn’t be surprised to see that Obama’s toilet paper is actually 100 dollar bills.

  • dgas

    what about americans, born and raises here, served in the military.  can’t be approved for a home here.

  • K-Bob

    I say drop several empty refrigerator boxes and some tarps and call it a day.

  • Pyrran

    jimjjanda Can’t say I blame you one bit.

  • Mack10

    Heck, they still have displaced AMERICAN’s from several disasters including Katrina (still) and no one is helping them ~~ Charity begins at home.  Let those jagbags fend for their selves, let their OWN government take care of them.

  • patriot077

    My thoughts exactly! What really stinks is that this isn’t really that surpising. What a cesspool of greedy jerks taking our taxes and handing them over to scumbags. The Audacity of Moral Bankruptcy.

  • patriot077

    Someone on this board yesterday said it is like living in a landfill. That summed it up well for me, too.

  • Laurel A

    badbadlibs Laurel A Just kick the you know what out of them both.

  • Las1

    Love it!  I’m still snickering.  Guffaw.. snort!

  • Las1

    Yeah… like they’ll get any of that “loan” money back.
    Call it jizya and call it a (kuffar) day.
    How much ya wanna bet that any new houses (after all the graft and kickbacks) will be nice facilities for bomb making.

  • snowshooze

    We have so much cash on hand, we just cannot figure out what to do with. 
    Gosh, it’s great being the richest Country in the world. Print, print, print.

  • poptoy1949

    How is this Legal?  I need an explanation here.  I just don’t think this legal.

  • Scolded for the Truth

    Maybe John Boehner will choose not to fund this disgusting expense. NOT! Have you ever seen such a small group of political elites waste more money that this Congress does now? They literally steal from the American people in support of those who hate us. I am sure that the Palestinians will soon see this funding as an entitlement. Then our worthless representatives will argue that the compassion thing to do is continue the entitlement. This makes me literally sick.

  • SilmarilTelerin

    The liberals and their socialist
    agenda have destroyed this country.It’s
    time to start again with a New America.
    John Galt Take Me With Youdotcom

  • jazzee

    How does this happen? THought the HOuse had control of the money??????????????????????
    this is so disgusting

  • yazz55

    Don’t expect much of the money to be used for the stated purpose.  Most of it will be siphoned off by the corrupt PLO terrorist leadership and forwarded to Swiss bank accounts.  Some of it may actually be used for arab / islamofascist terrorist purposes.

  • Cassie1

    My son has seen this slum hole. The Paletstinian side is a slum with run down houses and the Jewish section are beautiful well kept homes…. Kind of like Detroit and the suburbs they want everyone to look after them!!!. How about giving that money to our troops to buy them the much needed equipment and the hot meals you took away Obama!!!

  • 12grace

    Yes, impeach and imprison.

  • 12grace

    Please pray with me and other Americans on 9/11. Only the G-d of the bible can save America.1.National Day Of Prayer And Repentance 9/11/2013

    Jeremiah on the National Day of Prayer – theDove.us

     3.PITN – Jonathan Cahn – The Harbinger – Part 1

    4.PITN – Jonathan Cahn – The Harbinger – Part 2

    The Nine Harbingers by Jonathan Cahn

  • 12grace

    Yes, it is despicable. As usual,obama supports HIS people and not our people.

  • 12grace

    obama hates our troops. Despicable.

  • Dr. Strangelove

    Why don’t they send a few mil to the PLO to defend themselves against those pesky Israelis while they’re at it? Pardon me while I go vomit.

  • Dr. Strangelove

    Why don’t they send a few mil to the PLO to defend themselves against those pesky Israelis while they’re at it? Pardon me while I go vomit.

  • fireme

    Is someone like George Soros going to make millions on this deal. Who is really behind this nonsense?

  • kong1967

    fireme  Anyone against Israel is Obama’s friend.  Gotta reward them Palestinians, you know.

  • kong1967

    Dr. Strangelove  Two basic groups for you…The Muslim Brotherhood, the Palestinians, Al Qaeda in Syria, Ackmadipsh** against the students in Iran, the Benghazi terrorists via turning a blind eye while Americans were being murdered, Morsi in Egypt, and bla bla bla.Our allies.
    Obama has flipped the roles of allies versus enemies.

  • lawngreen

    badbadlibs Which is probably why she “didn’t qualify”.

  • badbadlibs

    Laurel A 
    The exact same spot where their brains reside.

  • USMC 64-68

    Shouldn’t we expect this from an un-American, anti-American marxist who supports our enemies and works against our allies?

  • Kelly60

    Is Congress authorizing this…?

  • USMC 64-68

    Haven’t the repubs showed that they’re irrelevant.  Time after time they’ve done nothing but make a little noise when they bend over for The Tyrant.

  • Not Myprezdent

    Stinkin’ democrats – Americans LAST – – that’s always been their philosophy – – – IF you vote democrat YOU are the problem

  • USMC 64-68

    Not Myprezdent  
    So true, they would have no power but for what the voters give to them.  It’s a corrupt deal – the promise of free gov’t cheese, just for their support.

  • nanian102


  • baoyi


  • Dr. Strangelove

    kong1967 Dr. Strangelove And pretty soon there’ll be no allies left. (Busy week, just catching up on emails.)

  • 12grace

    USMC 64-68 Kelly60  
    Yes, it seems both parties have meshed into one party.

  • kong1967

    Dr. Strangelove  No kidding, and it seems the only allies Obama is trying to create is with the Muslim Brotherhood and the Palestinians.   He’s trying for Al Qaeda in Syria, but they just want to manipulate him to get him to oust Assad for them.