Wednesday, October 19, 2011

Mittens Versus Foreclosuregate

If Mitt Romney ends up Preadient, he's got a great plan for fixing the housing depression.

DO ABSOLUTELY NOTHING.

“As to what to do for the housing industry specifically — and are there things that you can do to encourage housing? One is, don’t try and stop the foreclosure process,” said Romney. “Let it run its course, and hit the bottom, allow investors to buy up homes, put renters in them, fix the homes up, and let it turn around and come back up.

“The Obama administration has slow-walked the foreclosure process that long existed, and as a result we still have a foreclosure overhang."

No Willard, we have a "foreclosure overhang" because  the banks have engineered tens of thousands, if not hundreds of thousands, of additional foreclosures with intent of clogging the system so badly that the country is forced to simply give all the houses to the banks and throw the tenants out.  President Obama has "slow walked" the process because there are a lot of discrepancies, problems and outright lies in it, all of them favoring the banks that have already taken billions in taxpayer dollars and even more billions in interest free loan guarantees.

So yeah, as someone who has written extensively about Foreclosuregate, let me say you've got no idea what you're talking about there Mittens, and the banks are counting on someone like you absolving their crimes.

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