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DINESH Podcast

MORTGAGING OUR FUTURE

DINESH Podcast

Salem Podcast Network

News, News Commentary, Politics

4.76.8K Ratings

🗓️ 8 May 2023

⏱️ 51 minutes

🧾️ Download transcript

Summary

In this episode, Dinesh reveals how the Biden administration is punishing people with good credit who reliably pay their mortgages but imposing a tax on them to subsidize people who are bad credit risks. Dinesh argues that the famous 1960s song about San Francisco needs to be rewritten to begin, "Are you Leaving San Francisco?" Swimming star Riley Gaines joins Dinesh to discuss her experience competing in women's sports and also speaking out in favor of women's rights.

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Transcript

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0:00.0

This episode is brought to you by my friend Rebecca Walzer, a financial expert who can help you

0:03.9

protect your wealth. Book your free call with a team by going to friendofdenesh.com. That's

0:08.6

friendofdenesh.com. Coming up, I'll reveal how the Biden administration is punishing people with

0:13.8

good credit, who try to get mortgages, in order to subsidize people with bad credit. I'll argue

0:20.8

that the famous 1960 slogan about San Francisco needs to be rewritten to are you leaving San Francisco

0:27.8

and swimming star Riley Games joins me. We're going to talk about her experience competing in women's

0:32.3

sports and also speaking out in favor of women's rights. Hey, if you're listening on Apple,

0:37.0

Google or Spotify, or watching on Rumble, please hit the subscribe button. I'd appreciate it.

0:41.6

This is the Dinesh Chisousa Show.

0:57.8

In a time of confusion, division, and lies, we need a brave voice of reason to understanding

1:03.5

and truth. This is the Dinesh Chisousa podcast.

1:12.3

I want to talk about a new, just horrific policy that the Biden regime has put into effect.

1:19.0

And this is a policy that, and rule, that requires credit agencies to penalize people with

1:27.6

good credit, who are getting mortgages, and to give the benefit to people with bad credit.

1:35.7

I mean, think about it. In a society, by and large, you want to encourage productive behavior.

1:40.2

You want to discourage bad behavior. In this case, not paying your bills. And yet, for the Biden

1:48.6

administration, it's the opposite. And so what we're talking about here is a rule that has been

1:56.0

put into effect by the Federal Housing Finance Agency. It's called FHFA, which allows consumers

2:02.8

with lower credit, bad credit ratings, and less money for a down payment to get better mortgage

2:08.2

rates than they otherwise would have. And now this is obviously going to impose a cost. So who's

2:12.4

going to bear the cost? Well, it turns out the costs are being passed on to those with good credit.

2:18.4

And this is such a preposterous and really evil scheme that even an Obama official, this is the

...

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