Romney’s ‘Mr. Potter Plan’ to get rich on foreclosures (reposted/updated)
Posted by AzBlueMeanie:
Last week Willard "Mittens" Romney told underwater homeowners in Florida, "Well, the banks aren't bad people. They're just overwhelmed right now." "The banks are scared to death, of course," he said. "They're feeling the same thing that you're feeling…" Daily Kos: Mitt Romney wants you to know that banks are 'feeling the same thing that you're feeling'.
This comment is not only wrong – it’s wildly out of touch with the millions of hardworking Americans who are struggling to hold onto their homes. If you’re a homeowner in this country trying to make ends meet, "Mittens" Romney has four simple words for you: "you’re on your own" (George W. Bush's "ownership society").
The "Survivor – GOP Presidential Primary" now turns to the GOP caucus in Nevada, the state with the nation's highest foreclosure rate. So I will repost what "Mittens" Romney told the Las Vegas Review-Journal last October in an interview regarding his solution to the Foreclosuregate scandal.
(Repost)
December 2007: Solving the Mortgage Crisis May Require a Guardian Angel – New York Times:
I knew it was the Christmas season. There on television was Henry F. Potter, the mean banker, quizzing Pa Bailey, the idealist from the building and loan society.
“Have you put any real pressure on these people of yours to pay those mortgages?”
“Times are bad, Mr. Potter. A lot of these people are out of work.”
“Then foreclose!”
“I can’t do that. These families have children.”
“They’re not my children.”
September 2011: Willard "Mittens" Romney channels the spirit of Mr. Potter. Romney told the Las Vegas Review-Journal that the problem in housing is that banks haven't been allowed to foreclose on enough people, making it more difficult for investors, i.e., creditors - the rentier class in classic usage (see Robert Kuttner, Debtors' Prison) - to buy up underpriced properties and rent them back to the former owners. Daily Kos: Romney’s housing plan: 'Allow investors to buy up homes' by accelerating foreclosure process: