Is Romney serious, that banks are scared that they are going to go out of business? The banks have been well supported under the Obama administration, the Fed has kept them well greased during these trying times so I don’t understand how Romney can say that and expect to be taken seriously. Romney is looking at all these poor people who are dealing with foreclosures through the lens of a man skilled in the leveraged buyout, let the market fall down to its lowest value so that the “investors” can swoop in and make a profit and too bad for the poor blokes, who like the workers of those failed companies that Bain capital put out of work because they were dead weight, those poor blokes are dead weight in the housing industry. Romney’s perspective from his years at Bain Capital is not what the country needs, instead of cementing the economic misery of foreclosure as Romney would have cemented joblessness in the case of the auto industry if President Obama had listened to Romney’s op-ed on allowing Detroit to go bankrupt, we need to find a way to keep the people in their homes, ideas has been offered by a few economists, lowering the principal is one solution that I find to be better than letting all those people lose everything, in the long run that produces more of a drain on the long term economy then a short term solution that helps people out of their misery.
Read the Article at HuffingtonPost
Mitt Romney Talks With Florida Foreclosure Victims
23 Monday Jan 2012