Sunday, August 5, 2012

Perfect response Mitt

Wall Street's reckless behavior crashed the economy. In the past six years, housing prices nationwide have fallen by a third. Families have lost nearly $7 trillion of home equity. About 15 million homeowners owe $700 billion more on their mortgages than their homes are worth. Millions of middle-class families have watched their major source of wealth stripped away, their neighborhoods decimated, and their future economic security destroyed.

What's Mitt's response? In an interview last October with the Las Vegas Review-Journal, based in a state where foreclosures have reached epidemic levels, Mitt said: "Don't try to stop the foreclosure process. Let it run its course and hit the bottom." Then he suggested: "Allow investors to buy homes, put renters in them, fix the homes up and let it turn around and come back up."

No comments:

Post a Comment