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Re: Romney Tells State With Country's Highest Foreclosure Rate 'Don't Try And Stop The Foreclosure Process'

By: oldCADuser in FFFT | Recommend this post (0)
Wed, 19 Oct 11 1:23 AM | 76 view(s)
Boardmark this board | Food For Further Thought 		Msg. 35070 of 65535
(This msg. is a reply to 35069 by clo)
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Clo,

You notice that no matter how bad a situation looks, Mitt Romney always managers to find something good about it, like in this case where he was quick to point that even if foreclosures increase that at least this will "...allow investors to buy homes, put renters in them, fix the homes up and let it turn around and come back up..." as if everyone should slap him on the back for coming up with such a brilliant idea which will win him the hearts and minds of the people. Yea, just think of this as a once in a lifetime investment opportunity that every American should look into taking advantage of as this could really payoff over the long haul.




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The above is a reply to the following message:
Romney Tells State With Country’s Highest Foreclosure Rate ‘Don’t Try And Stop The Foreclosure Process’
By: clo in FFFT
Wed, 19 Oct 11 12:48 AM 		Msg. 35069 of 65535

This man is tone deaf & I wonder does he have a heart?

Romney Tells State With Country’s Highest Foreclosure Rate ‘Don’t Try And Stop The Foreclosure Process’

By Pat Garofalo on Oct 18, 2011 at 3:30 pm

The latest GOP presidential primary debate will take place in Nevada tonight, one of the state’s hardest hit by the housing crisis. In fact, Nevada has had the highest foreclosure rate in the nation for 56 consecutive months, according to data from RealtyTrac. More than 80 percent of Nevada homeowners are underwater, owing more on their mortgage than their home is worth. 

Mitt Romney already unveiled an economic platform in Nevada while managing to neglect housing entirely. But perhaps that was for the best, as when he does talk about it, he makes it abundantly clear that he cares not a whit for the millions of Americans losing their homes due to the financial crisis. During a discussion with the editorial board of the Las Vegas Review Journal, Romney said one of his rules for the government is “don’t try and stop the foreclosure process“:

As for 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. Let it run its course and hit the bottom, allow investors to buy 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 processes that have long existed and as a result we still have a foreclosure overhang.

I think the idea of helping people refinance homes to stay in them is one that’s worth further consideration, but I’m not signing on until I find out who’s going to pay and who’s going to get bailed out and that’s not something which we know all the answers to yet.

Watch it:
http://thinkprogress.org/economy/2011/10/18/346975/romney-dont-stop-foreclosures/

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