Certain banks that were lucky recipients of federal bailout funds and below market interest rates at the Fed’s discount window are pressured by their benefactor (government) into selling foreclosed homes at a discount to organizations that are subsidized by said benefactor, and probably run by friends of Obama and his associates.
That about sums it up?
Edit 9/2/10 – My translation needs a translation: Government rubs Bank of America’s Back. BOA rubs the government’s back. Taxpayers break their ass paying for it all.