There's a problem with debt? All economic growth in the 'free market' western world has been created by banks lending money - money they don't have, and which is created literally by typing numbers into a computer. Look into it if this sounds far-fetched! Almost all the money in circulation (97%) is entirely virtual - in the sense that it exists only on computers as binary code and has no actual value at all. Until our leaders face up to this one, the crisis will not go away.
@nowthatsinteresting1 That's both wrong and misleading. Banks don't lend money "they don't have", it comes from other peoples', goverments' and companies' investments. As for the 97% of the money being "virtual" and having no actual value at all, that's just as bogus. Just because a bank transfers $20M to another bank via computer, it doesn't mean that the money "has no actual value", it only means that you're avoiding the need to have half of the country's workforce employed as money couriers.
@GuillermoSTD This is not wrong - sorry, but you need to read up on this one. The money that banks lend DOES NOT orginate from other people's savings or government money. This is a common misunderstanding, one that even our political masters make. Almost all 'new' money is created by banks lending - and there are very few restrictions on this. The UK government (and I imagine the US is the same) doesn't even measure how much money (not just cash - ALL money) is in the UK economy.
This guy is an idiot. He totally twists the Romney sound bite, Michael Moore style, and he makes himself sound like a fool. I hope American voters don't listen to this guy.
@T0PGun25 How is repeating what someone else says (word for word) twisting anything, I dare ask? The guy wants foreclosures to continue instead of doing anything to prevent them, it's pretty clear. If that guy had said anything along those lines anywhere else, he would have been shot, stabbed and burned alive, not necessarily in that order, but apparently in America it's cool for people opting to the highest post to wish that thousands of people get kicked from their home.
A great American who cares not just about all Americans, but all world citizens. An honest world leader who came from humble beginnings. Nobody is perfect, but Obama is the greatest option in the generation, hands down, no doubt.
Your donors got their bailouts that's all that matters its ok that peoples houses were bet against like in a casino or the fraud that went on or that people do not know who owns there mortgage or that they steal from you I will never vote for you work for the banks just like Obama does except you are worse you will never get my vote I am disgusted!
R: lets prices become affordable and NOT reward $0 down-payments flippers who can't/won't pay their bills
versus
O) tries to reinflate the bubble, increase the cost of living; gives away a half-trillion dollars so house-gamblers can profit sooner
No fucking way would I vote for O. It's not a "little" guy scenario - underwater homeowners are NOT a special or poor class. Reward the minority of folks (irresponsible and sometimes wealthy) who are victims of their own selfishness? FUCK THAT.
bobwatters<---People like you put everyone into neat, little categories so you don't have to give it anymore thought. How many of those 4 millions foreclosures were due to our good-paying jobs being outsourced & replaced with low-paying temp jobs??? When I bought my house, I COULD afford the payments. Now my temp job is making it impossible. Mitt doesn't give a shit...he's backed by BIG BANKS. So suck it.
Google "Political positions of Ron Paul" look at the Wiki links or ThePoliticalGuide
Separate congress from big business influence, its time to get this economy back on track.
in some states you must register as a republican weeks ahead of time, check your state for instructions on voting: bluerepublican . org/welcome-to-blue-republican/
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Can't Trust Newt Gingrich!!! This Is Why!! In 1997 he was fined $300,000 by the US government for ethic violations (1). At one point, he also owed $500,000 to the jerwlery store, Tiffanys (2). Now that we know that he has profited $1.6 million from the very govermental agency he has spoken ill about, Freddie Mac (3). If he is already trying to scam money from the US taxpayers now, can you only imagine the irrefutable harm he would cause this Country if he was elected?
Mitt Romney runs for president with the eye of a venture capitalist. He sees the profit in certain positions, discards those that are no longer profitable and moves on. He was pro-choice when it did him some good, instituted a health insurance plan that he now denounces and once supported amnesty for some illegal immigrants. Richard III offered his kingdom for a horse. Romney offers his principles for some votes in Iowa.
Romney is right. The government needs to stop tinkering with things they don't understand and can't properly manage. He is saying he wants to see who will be paying for the refinances because most likely it will be the taxpayer. Looking forward to a change in leadership...
@909investments do research, do yourself a favor. vote ron paul. Mit wants to continue war and execute a preemptive strike on iran.... ron paul is so much more qualified and trustworthy
the problem isnt that houses are bein foreclosed on! its that so many fuckin idiots are tryin to stay in houses they cant afford and obviously never could! god there are people living in houses that haven payed in YEARS! but now they call it home so people get all mushy for them. fuckin kick em out burn em down if you have to fuck the damn bubble get back to reality!
I'm seeing every month just about terrorist attempts. From suspects overseas. Think of how many more businesses and thousands of lives would be lost if these fugitives weren't caught before it's too late.
Romney is all for destroying this economy and continuing to give more money to the Rich, why should this guy have the right to be our leader? No wonder the media fucking loves this phony.
Mitt Romney has raised 13x the amount of money as any other candidate from lobbyists than from the average joe in the country. Do the math. Do you think he's going to do the bidding of the people or the lobbyists?! Hmm, tough question. I choose ...lobbyists! Reason: Because they paid for him to support lobbyist agenda!
Ron Paul on the other hand, is on the other end of the spectrum. He's raised his money for his campaign from the people. Remember, "By the people, for the people." (?) Ron Paul!
Have you heard of businesses that are hiring and expanding when they actually show little or negative "profit"? Have you heard of giant corporations recording record profitability and downsizing, laying off, "re-structuring", union-busting at the same time? The reason is because businesses grow because there is economic profits to be made. It is the same but opposite reason why giant corporations are sitting on stockpile of cash.
Bottom is a long way off but if you would understand anything about economics you would understand that Obama is making it longer than it already is. Therefore making it worse and not fixing a single thing. Why do you think then that the 800 BILLION $ stimulus didn't work?. Look Obama sounds cool in all his speeches but he SUCKS at the economy.
He's right u fucking douche. Ppl are losing housing because they can't pay mostly....not because of sth unfair. U spin it....like all the other assholes who want some kind of vote.
You guys should see the real Mitt Romney on my channel the guy is owned by the banks. Mitt Romney is owned by banks. Everyone needs to new in New Hampshire dont let him win. Mitt Romney loves the banksters
If the houses are going under, it makes sense to just let it take its course and let people buy the assets. It's not some sort of conspiracy, this is just blatant defaming. I don't like Republicans, but this isn't really a valid point to attack Romney on.
@TheCagedTiger but have you heard about the vast number of mistakes being made in regards to the foreclosures? Banks were foreclosing on homes they didnt even own in some cases! Its because of the volatile mortgages the banks purposely traded and bet against that people lost thier homes. Dont you think people deserve proper due process to fight for an agreement that doesnt just result in bankruptcy? PS anyone going bankrupt is bad for the economy, but superduper for the banks or investors.
Where did I say anything about bailing them out. If a house is going to be foreclosed upon, there's nothing you can do, you just have to let it run its course and hopefully get resold with a new mortage or rent. I'm not saying the banks don't hold responsibility, but with regulation on their mortage agreements this is the best course of action.
@TheCagedTiger: So you are saying that if someone is facing forecloser then just let it happen. I just don't see it that way. to me that is like saying if someoneis sick then just let them die.
@hiiamrick Have you ever been foreclosed on? I have. It sucks. But, it's not the end of the world. Once it was obvious the foreclosure was inevitable (my business partner had pretty much stabbed me in the back at that point) But, once it was obvious it was going to happen, I made other plans and I WANTED IT TO HAPPEN AS QUICKLY AS POSSIBLE! The sooner I could get through that stage, the sooner my credit could start to improve and I could get on with my life.
No. I wouldn't recommend it for anyone. I also would not recommend buying a house that you can't afford. My situation was different (the house was $116,000) but when you sign all those papers at the closing, you should understand that if you don't pay for it the bank is going to take it back.
@RodneyBComedy: I understand you have to pay for everything. But what is messed up is that no one has money anymore. Where are the jobs? What ever happened to a honest days work for a honest days pay. Americans need work and Mitt and his buddies are just standing in Obama's way of fixing What the Republicans broke. I just find it hard to believe that the Republicans can say what ever they want and some silly Americans believe it.
@hiiamrick poor idiot, can't you see it is the government that got us into this trouble into the first place? of course you don't kill a sick patient for the hell of it if you can cure him and that's the solution to the housing bubble, letting it hit rock bottom is the CURE. Fucking liberal jackass in this video doesn't have a fucking clue how the economy works.
@TheMarksmenCat: My clues tell the that the rich few 1 % have over 90% of the wealth. Silly dude check out pure greed at it's best. Look around you and see all the money that people make off of the treatment of Cancer. What do you think would happen if someone were to find a one shot cure for all kinds of Cancer. They would pay that person with the cure too much money, NOT TO RELEASE IT. So they could continue to make their money. Cancer kills people so what, there is money to be made.
@hiiamrick it's not about healthcare you moron, it's about the housing market bubble and how to fix it, which is to let it hit the bottom, but of course since you don't know how this works you chime with your moral bullshit. Btw if there is a cure of course they would release it you idiot it will cost higher than most treatments probably but it will still be released so learn how the free markets work dumbfuck.
@TheMarksmenCat: All I know is that when some silly mother fucker told me I was stupid not to refiniance after my home was paid off. I still own my home. I saw the housing market I just said NO. Everybody around me refinanced, now they are gone I am still here. THERE IS NO FREE MONEY. Now my problem is should I buy there homes on pennies on their dollars? I am gonna get 2 rich on other people lost. Should I?
Yeah so bailouts seem fine when they go from the public into private finance...but from private finance to public? oh no no no...
It's just so transparent on both sides in the US that they are completely against the idea of a free market. The banks owe the people after the bailouts, refinancing people's homes to prevent the loss of them is not only right but obliged in light of the immense amount of money they recieved from the taxpayer. Simple enough contract. We pay you, you pay back+interest
Yea the government should prop up the NIJA {No Income no Job no Assets } loans they strong armed the banks into handing out to TOTALLY UNQUALIFIED applicants. These people who are being foreclosed on had no fucking business taking on the loans they did. If you are supposedly smart enough to handle a 250 K loan you should be expected to be smart enough to understand what a variable rate interest means.
cenks criticism is not fair, romney says the housing correction should be accelerated so it is over quickly, his point is that the overhang needs to clear a good thing, who will buy a house when they know the banks have huge inventory to off load.
@optionsupdate Why do they have huge inventory to offload? I'll tell you, because they wouldn't work with many people who wanted to refinance, so millions were put out onto the street. Banks have never been more profitable. You should read some Matt Taibbi articles to understand everything more clearly. One is called "rocket docket". The banks almost never have the foot-tall stack of papers you sign for your mortgage...
@optionsupdate NO. The bubble was created so that THE RICH can gobble up the cheap homes. It was CREATED, pure and simple. This was all done because of deregulation.
@shadowfaxx1 dear sir, how made people go and pay huge price for a home? they did it by themselves, who would buy a house at 2% gross yield ? the banks are guilty of much , they could not create those mortgages without someone signing a note, banks should be punished and guilty put in jail
WoW !! The up and down waves of the interest rates/economy always heavily favor the more wealthy, and wealth consolidates...so of course he wants it to run its course. That is where he comes from.
Anyone holding up for what Romney said does not even a basic understanding of capitalism, economics, what exactly caused the recession, or be in the top 1%. It amazes me that people talk about free market while at the same time our "free market" couldn't be in worse shape due to the top percent who don't give a f*ck about us. But you stubborn people still hold up for foolishness like this with no idea why you are doing so!!
Did he know he was on camera? Here is my idea... Anyone who has paid the asking price of their home should just stop paying. What the fuck are they gonna do when millions of people just stop paying? If the 99% worked together we could completly change this country. Oh, and lets hang Romneys ass from the nearest tree.
How the fuck did the banks get so fucking FAIL that they have to steal in order to make a profit?!?! What the fuck is the point of owning EVERYTHING if you turn everyone in to angry motha fuckers who wanna drink your blood? The whole "if i can't have it, nobody can" mentality never ceases to amaze me... You can't make up this shit...
Course he wants the foreclosures to go ahead. Listen to what he said, "investors" need to buy the homes, and put renters in. The only people who can afford to do that are the top 1%. Who's gonna protest when the people who own your home are the same people you're fighting against.
@Valkes dude, what is the point of investors getting renters if the middle class isnt doing well. a tenant who cant pay is worthless. no landlord wants a poor middle class. they wish you the best and have LOTS of money. so at least you can pay the full rent amount and on time.
@angryaznman That's the point man, they want the middle class to be spending 80% of their income on rent. They know that a wealthy middle class means they get to own their own home, which means less money going towards living expenses and more towards things like education for their kids, or investments. They don't want a wealthy middle class, they want one making just enough to have basics.
@Valkes lol nobody is going to spend 80% on rent. if you have to do that you need a cheaper place. also, id estimate with that kind of rent, 99% the tenant will NOT be on time for payments and by the time he leaves (or gets evicted for skipping rent) he will get away with multiple months of no rent.
not only is the eviction process very long, with many steps, but you cant do it during winter months.
@angryaznman Really?!? No one is gonna spend 80% on rent!!!! MY GOD WHAT A FOOL I'VE BEEN. BRB calling a press conference "Man discovers exaggeration not reality! More at 11." --.--
@Valkes so whats your point then. at the end of they the simple fact is landlords want tenants who have money for obvious reasons. though most tenents dont pay on time anyway. by the time they leave they are months behind in rent. basically get away with free place to stay for months.
@angryaznman Uhh no, I've working in real estate rental, and that's pretty much never the case. My point is that foreclosure allows people with money to acquire property really cheap, sometimes that upper-middle class, but most of the time it's not. IMO the top 1% dream of a world full of wage slaves working to make just enough to afford the basics. Where things like ownership of your own home, and education for your children are privileges reserved for the rich alone.
@Valkes uhhh no, i do property management and missed rent payments is so common it is an accepted loss in the business.
not necessarily. the banks have to sell at fair market value or they can get sued by those with the mortgage. they will say 'well i could have paid everything off if you didnt sell my house for so cheap'.
that is why low ball offers are filed by the bank, as proof they did not sell at cheapest just for speed. they did reject cheap offers.
@Valkes uhhh no, i do property management and missed rent payments is so common it is an accepted loss in the business.
not necessarily. the banks have to sell at fair market value or they can get sued by those with the mortgage. they will say 'well i could have paid everything off if you didnt sell my house for so cheap'.
that is why low ball offers are filed by the bank, as proof they did not sell at cheapest just for speed. they did reject cheap offers.
@Valkes those rights are for the government to take care of. and between welfare, food stamps, gov. assisted living, rent geared to income, it is more than fair.
A typical right wing grub, Mitt the shit is the same as your average Israeli "gimmie your land ,if i cant get your house i,ll bulldoze it into the ground & drive you off,", Its called callous greed,
I really want to believe that deep down inside, people are decent. Each passing day, I'm finding it more and more difficult to grasp on to the notion.
So much blatant display of callousness & greed, yet a good number of the populous sucked it up; as if these politicians had their best interests. How blind must one be?
Don't be so quick to judge. Mitt feels remorse like everyone else. Recently, he apologized to the Republican Party for ever having passed legislation in Massachusetts that helped poor people receive medical care. Mitt was ashamed of his actions and said he was "Deeply sorry," for ever having done something to help anyone suffering or struggling. "My only hope," he continued, "is that the care came too late and they died anyway." See? He's not such a bad guy. lol. Got this from the Onion.
COME ON THIS IS HOW MITT MAKES MONEY ....BUY LOW SELL HIGH...DISMANTLE SOMETHING AND DONT GIVE A FLYING FUCK ABOUT WHAT IS GOING TO HAPPEN TO PPL THAT DOING THAT BUSINESS WILL BE AFFECTED BY THE REALIZATION OF THOSE BUSINESS ...AS LONG AS HE GETS PAYED
i think he has a point though. thats how the economy has worked since ever. goes down and up. The Market always recovers eventually. i think maybe we should not dismiss this to quickly. I wonder how many TYT fans will call me "mean" names for posting this.
A long time ago in England the banks lied to the people so the people sold all their stock at penny's then all the bank bought then at low price and made a lot of money. The right wants that to happen today.
Anyone who got a variable interest rate Mortgage and wasn't prepared to pay a higher rate is an idiot, they weren't defrauded at all they made a horrible decision and took a chance that they shouldn't have.
@starcatcher2222 Fox News built up Mr. Cain, because he was new, because he's black. O'Reilly said Mr. Cain couldn't win, that the GOP has promised Romney the nomination already. Fox ignored Dr. Paul completely. Now, I see Fox TEARING DOWN Mr. Cain! Build him up, just to tear him down? That's dirty of Fox. When O'Reilly comes on tv, I switch the channel to Fox Business News "Freedom Watch." to learn about the news of the day and the CONSTITUTION. KILL MEDIA BIAS!
pay? get bailed out? the banks make hundreds of thousands of dollars on a home from a homeowner over the course of the loan. hmm...how bout just taking LESS money and making LESS of a PROFIT? fucking asshole
Romney is correct on this issue. Sadly, the forecloseres need to happen to wring out the excesses. The alternative is to subsidize mortgages with taxpayer money. That is unfair to people without mortgages and even acts to RE-SUBSIDIZE the banks.
The sooner we get through all this foreclosure overhang, the sooner we can get on to a recovering economy...not before.
The banks don't want to foreclose quickly. It means they will get stuck with an unoccupied house hard to sell. Of course, they can't encourage default either. But it's not Obama's fault.
FUCK YOU ROMNEY! You rich asshole! Allowing people to refinance is the right thing to do, but you suck the COCK OF KOCH. Screw the little people, eh? We'll see about that. Maybe someone needs to show you the bathroom scene in Fight Club.
@TheAparente ROMNEY'S 2012 PLAN CUTS MEDICARE--Ron Paul’s plan cuts $1 trillion the first year and it balances the budget in 3 years. The plan cuts spending - ending the costly foreign wars, and cuts foreign welfare, corporate welfare, and overgrown federal bureaucracy. These cuts are made so that those who are dependent on domestic spending programs such as Medicare aren’t endangered through a sudden change in benefits. Romney’s plan cuts Medicare, on which many elderly Americans rely.
every time one of these GOP candidates open their mouths evil comes out. They don't understand that people matter, the only thing they give a shit about is money.
@frepi agreed, but then again JFK and his brothers were descendants of millionaires and the family still is one of the wealthiest families in US history, and JFK is considered to be one of the greatest presidents of all time.
banks don't make money on foreclosures... they would, however, if the government bailed them out which is what has happened before. if i'm underwater on my house and foreclose tomorrow, the bank will LOSE money.
@snuckyr Banks make money on forclosure, that has been proven already. They made money before the bailout by cashing out on the bet and leaving the costs to the investors.
Maybe someone who makes mortgage payments can give me some perspective. I am a college student, and the thought of getting a mortgage scares the shit out of me. I would never get a mortgage if I didn't for one second think I could make payments or even completely pay it off. So I think bankers are largely to blame, but we can't forget these people didn't do their research when purchasing a home they knowingly couldn't afford.
Unfuckingreal. Allow investors to buy CHEAP homes to then charge HIGH rent to those of us who cannot get into homes. I guess I was wrong, Mitt is a real republican.
If you've worked hard and squirreled your cash aside there's nothing preventing you from seizing upon good real estate opportunities now. People have a right to be mad at Wall Street...I secretly harbor a desire to see it burn.
But part of the personal accountability many don't wish to assume has to include being smarter with money. Americans absolutely suck at personal finance, and that is not the bankers fault. Ignorance as much as greed led us here.
@lowenklee You are absolutely right. I couldn't of said it better myself. A lot of people, including myself are against the bailouts. But now you hear these anti bailout people CHANTING we (the people) need a bailout bc we were not smart and bought a loan in which they couldnt afford. The hypocrisy is overwhelming.
I usually agree 100% with TYT, and disagree with Romney...mostly because he's a bought sock puppet. Having said that, he's right this time. As long as these bad mortgages aren't resolved (and sadly foreclosures are the only way), the economy won't recover. Bad debt is like a 1 ton block of concrete holding the economic recovery back.
Having said that, they should have given the money to people to fix their mortgage issues (unless those people were stupid and bought something they can't afford).
Willard Romney appears to lie and flip flop, anything to get the office he dealr wants. But voters can clearly see this and Willard will not be the Republican candidate, much less president
@AllNightDayDream You think foreclosures of people's houses is a good thing? Your retarded like Romney.If mass foreclosures started happening they should do anything in there power to stop it.A lot of people put in a lot of money into there house and can't afford to just move after losing there house even when they have there mortgage and everything else paid off.
@nowwithmorekick not a "good" thing in a strict sense, but it's absolutely necessary. If their mortgage is paid off, they won't get foreclosed. You have to essentially restart the industry before you can see house prices go up again, and that involves getting rid of these bad deals. Once prices start to rise, the whole business of buying a house will be much more stable for everyone, homeowners and all.
@AllNightDayDream People who have everything paid off on there houses are getting foreclosed.Even still people who are just a little behind are really getting foreclosed on because the houses are owned by a bunch of banks that want to make money off the housing market.
@nowwithmorekick no, if the bank is forced to call in the loan its because YOU guys yelled at the gov. to regulate the loans.
thats why you cant be behind in payment. you know what a loan is when you are behind in payment? a bad loan. the exact kind gov. regulators DONT want the banks having.
@angryaznman Ok.First off the Goverment works for the banks.Secondly it's when all this deregulation of the banks and big corporation when all the foreclosures rally started getting out of hand.Because of deregulation we have way higher amounts of chemicals in our rivers, oceans, and air and because of that and a few other things the US per capita has the highest cancer rate.We need the gov to regulate corporations.Bottom line of a corporation is making money not our well being.
@angryaznman Also a number of people who has had there houses paid off 100% still has had there house foreclosed on. In the news there was a family that had this happen to them and they couldn't get a lawyer to take on there case when they did find that lawyer and went to court the court ordered that the bank be foreclosed and the family got to keep anything inside the bank besides the money.
@nowwithmorekick that has to be a rare incident and not the norm. because its ILLEGAL. if you pay off your loan, the house is yours.
you will have to link me the story for me because i think there is more then just "i paid off my loan and the bank still took my house". that is 100% illegal. something else is also happening.
also maybe clarify the court verdict? banks dont get foreclosed on...you mean the court force the bank to foreclose on them? i thought they already did? thats the case?
@nowwithmorekick not only does regulation force banks to handle bad loans, but you will find its even harder to get that mortgage now.
people have LESS chance of even trying to own a home for themselves now. most banks are too scared of gov. regulators to give loans to anyone who isnt 100% capable of supporting the payments. with mortgage being only 75% of the house value at most. so they are 99% able to sell the house to recover the loan.
@angryaznman Why is it that corporations and banks have less regulation today then ever before.Why is it after they passed these laws and news media like fox says get rid of regulation and after all that happened things got a lot worse.Regulation is good as long as the government isn't paid off so they have our well being in mind and regulate corporation who's bottom line is profit.Thats why corporation ship jobs over seas and pay for slave labor.Slavery still exist and they take full advantage.
@nowwithmorekick 'capitalism'? 'free market'? only a few years ago americans proudly used these terms. why? because they didnt know these systems promote wealth disparity and powerful corporations. it simply does. lack of gov. does that. its not anti commie, its just fact. people should have accepted it a long time ago.
of course regulation is needed. im just saying, there will be consequences. aka. harder to get mortgage now. it didnt actually help anyone get a home.
What about all of the foreclosures that were pushed through so quickly that the paperwork was screwed up? Is this guy insane? I guess this is the way that Republicans think. They want us to fail so that the rich can just continue to walk all over us.
OUCH
solarcradle 1 week ago
There's a problem with debt? All economic growth in the 'free market' western world has been created by banks lending money - money they don't have, and which is created literally by typing numbers into a computer. Look into it if this sounds far-fetched! Almost all the money in circulation (97%) is entirely virtual - in the sense that it exists only on computers as binary code and has no actual value at all. Until our leaders face up to this one, the crisis will not go away.
nowthatsinteresting1 3 weeks ago
@nowthatsinteresting1 That's both wrong and misleading. Banks don't lend money "they don't have", it comes from other peoples', goverments' and companies' investments. As for the 97% of the money being "virtual" and having no actual value at all, that's just as bogus. Just because a bank transfers $20M to another bank via computer, it doesn't mean that the money "has no actual value", it only means that you're avoiding the need to have half of the country's workforce employed as money couriers.
GuillermoSTD 3 weeks ago
@GuillermoSTD This is not wrong - sorry, but you need to read up on this one. The money that banks lend DOES NOT orginate from other people's savings or government money. This is a common misunderstanding, one that even our political masters make. Almost all 'new' money is created by banks lending - and there are very few restrictions on this. The UK government (and I imagine the US is the same) doesn't even measure how much money (not just cash - ALL money) is in the UK economy.
nowthatsinteresting1 2 weeks ago
This guy is an idiot. He totally twists the Romney sound bite, Michael Moore style, and he makes himself sound like a fool. I hope American voters don't listen to this guy.
T0PGun25 3 weeks ago
@T0PGun25 How is repeating what someone else says (word for word) twisting anything, I dare ask? The guy wants foreclosures to continue instead of doing anything to prevent them, it's pretty clear. If that guy had said anything along those lines anywhere else, he would have been shot, stabbed and burned alive, not necessarily in that order, but apparently in America it's cool for people opting to the highest post to wish that thousands of people get kicked from their home.
GuillermoSTD 3 weeks ago
this man is supposed to be represent the citizens not the banks
wayne17700 3 weeks ago in playlist More videos from TheYoungTurks
The Banks love this.
mauibrad 1 month ago
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A great American who cares not just about all Americans, but all world citizens. An honest world leader who came from humble beginnings. Nobody is perfect, but Obama is the greatest option in the generation, hands down, no doubt.
theowaldott 1 month ago
THAT ROMMNEY MUST BE KILLED!
DaAznThug 1 month ago
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Romney is a racist see here
watch?v=RckqB2u9r3k
Huntsman 2012!!
NH4HuntsmanJr 1 month ago
Your donors got their bailouts that's all that matters its ok that peoples houses were bet against like in a casino or the fraud that went on or that people do not know who owns there mortgage or that they steal from you I will never vote for you work for the banks just like Obama does except you are worse you will never get my vote I am disgusted!
rnbuffjo 2 months ago
R: lets prices become affordable and NOT reward $0 down-payments flippers who can't/won't pay their bills
versus
O) tries to reinflate the bubble, increase the cost of living; gives away a half-trillion dollars so house-gamblers can profit sooner
No fucking way would I vote for O. It's not a "little" guy scenario - underwater homeowners are NOT a special or poor class. Reward the minority of folks (irresponsible and sometimes wealthy) who are victims of their own selfishness? FUCK THAT.
stinkypoon 2 months ago
bobwatters<---People like you put everyone into neat, little categories so you don't have to give it anymore thought. How many of those 4 millions foreclosures were due to our good-paying jobs being outsourced & replaced with low-paying temp jobs??? When I bought my house, I COULD afford the payments. Now my temp job is making it impossible. Mitt doesn't give a shit...he's backed by BIG BANKS. So suck it.
133Joro 2 months ago
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Google "Political positions of Ron Paul" look at the Wiki links or ThePoliticalGuide
Separate congress from big business influence, its time to get this economy back on track.
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32walter79 2 months ago
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Can't Trust Newt Gingrich!!! This Is Why!! In 1997 he was fined $300,000 by the US government for ethic violations (1). At one point, he also owed $500,000 to the jerwlery store, Tiffanys (2). Now that we know that he has profited $1.6 million from the very govermental agency he has spoken ill about, Freddie Mac (3). If he is already trying to scam money from the US taxpayers now, can you only imagine the irrefutable harm he would cause this Country if he was elected?
sublimefan421 2 months ago
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Mitt Romney runs for president with the eye of a venture capitalist. He sees the profit in certain positions, discards those that are no longer profitable and moves on. He was pro-choice when it did him some good, instituted a health insurance plan that he now denounces and once supported amnesty for some illegal immigrants. Richard III offered his kingdom for a horse. Romney offers his principles for some votes in Iowa.
espdemon 3 months ago
Romney is right. The government needs to stop tinkering with things they don't understand and can't properly manage. He is saying he wants to see who will be paying for the refinances because most likely it will be the taxpayer. Looking forward to a change in leadership...
909investments 3 months ago
@909investments do research, do yourself a favor. vote ron paul. Mit wants to continue war and execute a preemptive strike on iran.... ron paul is so much more qualified and trustworthy
thatsheavydude 3 months ago
the problem isnt that houses are bein foreclosed on! its that so many fuckin idiots are tryin to stay in houses they cant afford and obviously never could! god there are people living in houses that haven payed in YEARS! but now they call it home so people get all mushy for them. fuckin kick em out burn em down if you have to fuck the damn bubble get back to reality!
bobwatters 3 months ago
I'm seeing every month just about terrorist attempts. From suspects overseas. Think of how many more businesses and thousands of lives would be lost if these fugitives weren't caught before it's too late.
wyecee 3 months ago
Romney is all for destroying this economy and continuing to give more money to the Rich, why should this guy have the right to be our leader? No wonder the media fucking loves this phony.
coyote7272 3 months ago 8
I agree 100 % with Mitt Romney
therealsteve2437 3 months ago
I agree with Mitt Romney.
MITULSPATEL 3 months ago
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You don't know if any of this is accurate to the intended meaning. When you listen to audio clips without the full thought, you have propaganda.
TaxTheRich4FewerJobs 3 months ago
again these stupid idiots that know nothing about fucking economics
that's what you do in a bubble, you let it deflate before intervening you fucking prick
fucking incompetent well-intentioned liberals that dont know jack shit about economics try to spin it into a banks vs. little people issue
I hope this guy reads about economics before opening his trap and spewing his stupidities to all of the morons listening to him
TheMarksmenCat 3 months ago
Mitt Romney has raised 13x the amount of money as any other candidate from lobbyists than from the average joe in the country. Do the math. Do you think he's going to do the bidding of the people or the lobbyists?! Hmm, tough question. I choose ...lobbyists! Reason: Because they paid for him to support lobbyist agenda!
Ron Paul on the other hand, is on the other end of the spectrum. He's raised his money for his campaign from the people. Remember, "By the people, for the people." (?) Ron Paul!
chshamus3xw 3 months ago
Have you heard of businesses that are hiring and expanding when they actually show little or negative "profit"? Have you heard of giant corporations recording record profitability and downsizing, laying off, "re-structuring", union-busting at the same time? The reason is because businesses grow because there is economic profits to be made. It is the same but opposite reason why giant corporations are sitting on stockpile of cash.
dcahmalilimutan 3 months ago
It looks like its Caine or Romney. It has to be one of them because Obama is a foreign policy disaster. I think we are screwed.
blaes2000 4 months ago
Bottom is a long way off but if you would understand anything about economics you would understand that Obama is making it longer than it already is. Therefore making it worse and not fixing a single thing. Why do you think then that the 800 BILLION $ stimulus didn't work?. Look Obama sounds cool in all his speeches but he SUCKS at the economy.
1212boca 4 months ago
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Ron Paul 2012
valmorgan 4 months ago in playlist Romney sucks
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Support our Military Men & Women
Vote for Ron Paul in 2012 !
Ron Paul
Ron Paul
Ron Paul
Ron Paul
Ron Paul
Ron Paul
ozgood1x 4 months ago
There is work...it might not be a fucking 20 hr job...but there is work.
bigmurph762 4 months ago
@bigmurph762 Where is this mythical work? Do you realize that there are more than 5 times as many unemployed people as there are job openings?
echatterwa 4 months ago
He's right u fucking douche. Ppl are losing housing because they can't pay mostly....not because of sth unfair. U spin it....like all the other assholes who want some kind of vote.
bigmurph762 4 months ago
EVERYONE knows houses are too expensive because foreclosures are not going fast enough. No one can afford a home until then. That's a GOOD thing.
The economy MUST tank so making it take longer is MORE EXPENSIVE. Romney is right.
It's the FRAUD foreclosures that should be stopped and banks should EAT TONS of losses from bankruptcy AND from personal bankruptcy refusal to PAY.
ytgv3fc7 4 months ago in playlist 1 2011 10oct 20
romney is right.
aikalo80 4 months ago
LOL
pooyan6969 4 months ago
Mitt Romney is an ass
EllyKayWasHere 4 months ago
If Romney does get the nomination, who will the Koch brothers pick for his VP?
DillonDee1 4 months ago
You would be stupid if you can't see the video hack job here. Anything to make a point!
lcall1967 4 months ago
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Financial Enemy of Greece, Ireland, Italy, Spain, Portugal, & USA - Jew
1.Goldman Sachs CEO, Lyold Blankfein -Jew
2.IMF Deputy CEO, John Lisky - Jew
3.Ex IMF CEO, Dominic Strauss -Jew
4.World Bank CEO, Robert Zoellick -Jew
5.Ex World Bank CEO, James Woolfesen -Jew
6.Fed Chairman, Ben Bernanke -Jew
7.Ex Fed Chairman, Alan Greenspan - Jew
8.Obama Treasury Secretary, Timothy Geithner- Jew
9.George Bush Treasury Secretary, Hank Paulson - Jew
Stevie68000 4 months ago
This makes total sense: hit rock bottom, and then there's nowhere for the economy to go but up!
ClownOfTheEarth 4 months ago
2:36 He Jump iiiiin!! hahaha
crazedmaster 4 months ago
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You guys should see the real Mitt Romney on my channel the guy is owned by the banks. Mitt Romney is owned by banks. Everyone needs to new in New Hampshire dont let him win. Mitt Romney loves the banksters
WatchPolitician 4 months ago
Romney is all words like Obama
lushfauna 4 months ago
What amazes me is how evil scumbags like this guy remain in office.
It's amazing to me.
Domzdream 4 months ago
Republicans deserve 1% of the vote.
JEFF9K 4 months ago
Damn, Romney looks good in this video! He looks like he just did a shoot for GQ Magazine!
Steve197201 4 months ago
If the houses are going under, it makes sense to just let it take its course and let people buy the assets. It's not some sort of conspiracy, this is just blatant defaming. I don't like Republicans, but this isn't really a valid point to attack Romney on.
TheCagedTiger 4 months ago
@TheCagedTiger but have you heard about the vast number of mistakes being made in regards to the foreclosures? Banks were foreclosing on homes they didnt even own in some cases! Its because of the volatile mortgages the banks purposely traded and bet against that people lost thier homes. Dont you think people deserve proper due process to fight for an agreement that doesnt just result in bankruptcy? PS anyone going bankrupt is bad for the economy, but superduper for the banks or investors.
CetraTJ 4 months ago
@CetraTJ
I think that it should be regulated, but what he says still makes sense.
TheCagedTiger 4 months ago
@TheCagedTiger: So it is OK to bail out the bankers while letting the American people sink?
hiiamrick 4 months ago
@hiiamrick
Where did I say anything about bailing them out. If a house is going to be foreclosed upon, there's nothing you can do, you just have to let it run its course and hopefully get resold with a new mortage or rent. I'm not saying the banks don't hold responsibility, but with regulation on their mortage agreements this is the best course of action.
TheCagedTiger 4 months ago
@TheCagedTiger: So you are saying that if someone is facing forecloser then just let it happen. I just don't see it that way. to me that is like saying if someoneis sick then just let them die.
hiiamrick 4 months ago
@hiiamrick
Comparing someone's life to a material thing is stupid.
TheCagedTiger 4 months ago
@hiiamrick Have you ever been foreclosed on? I have. It sucks. But, it's not the end of the world. Once it was obvious the foreclosure was inevitable (my business partner had pretty much stabbed me in the back at that point) But, once it was obvious it was going to happen, I made other plans and I WANTED IT TO HAPPEN AS QUICKLY AS POSSIBLE! The sooner I could get through that stage, the sooner my credit could start to improve and I could get on with my life.
RodneyBComedy 4 months ago
@RodneyBComedy: Would you recommend it for everybody?
hiiamrick 4 months ago
@hiiamrick
No. I wouldn't recommend it for anyone. I also would not recommend buying a house that you can't afford. My situation was different (the house was $116,000) but when you sign all those papers at the closing, you should understand that if you don't pay for it the bank is going to take it back.
RodneyBComedy 4 months ago
@RodneyBComedy: I understand you have to pay for everything. But what is messed up is that no one has money anymore. Where are the jobs? What ever happened to a honest days work for a honest days pay. Americans need work and Mitt and his buddies are just standing in Obama's way of fixing What the Republicans broke. I just find it hard to believe that the Republicans can say what ever they want and some silly Americans believe it.
hiiamrick 4 months ago
@hiiamrick poor idiot, can't you see it is the government that got us into this trouble into the first place? of course you don't kill a sick patient for the hell of it if you can cure him and that's the solution to the housing bubble, letting it hit rock bottom is the CURE. Fucking liberal jackass in this video doesn't have a fucking clue how the economy works.
TheMarksmenCat 3 months ago
@TheMarksmenCat: My clues tell the that the rich few 1 % have over 90% of the wealth. Silly dude check out pure greed at it's best. Look around you and see all the money that people make off of the treatment of Cancer. What do you think would happen if someone were to find a one shot cure for all kinds of Cancer. They would pay that person with the cure too much money, NOT TO RELEASE IT. So they could continue to make their money. Cancer kills people so what, there is money to be made.
hiiamrick 3 months ago
@hiiamrick it's not about healthcare you moron, it's about the housing market bubble and how to fix it, which is to let it hit the bottom, but of course since you don't know how this works you chime with your moral bullshit. Btw if there is a cure of course they would release it you idiot it will cost higher than most treatments probably but it will still be released so learn how the free markets work dumbfuck.
TheMarksmenCat 3 months ago
@TheMarksmenCat: All I know is that when some silly mother fucker told me I was stupid not to refiniance after my home was paid off. I still own my home. I saw the housing market I just said NO. Everybody around me refinanced, now they are gone I am still here. THERE IS NO FREE MONEY. Now my problem is should I buy there homes on pennies on their dollars? I am gonna get 2 rich on other people lost. Should I?
hiiamrick 3 months ago
Yet another GOP member with an electrical fire in his head.
speedfour27 4 months ago
CRASH JP MORGAN BUY SILVER!!!
dfg93353 4 months ago
Investors? Of coouuuurse.
esd2000 4 months ago
Yeah so bailouts seem fine when they go from the public into private finance...but from private finance to public? oh no no no...
It's just so transparent on both sides in the US that they are completely against the idea of a free market. The banks owe the people after the bailouts, refinancing people's homes to prevent the loss of them is not only right but obliged in light of the immense amount of money they recieved from the taxpayer. Simple enough contract. We pay you, you pay back+interest
desiresi 4 months ago
Romney has a point, big brother government doesn't need its nose in everything, the housing market needs to be able to fluctuate accordingly.
ColdLogicGaming 4 months ago
Yea the government should prop up the NIJA {No Income no Job no Assets } loans they strong armed the banks into handing out to TOTALLY UNQUALIFIED applicants. These people who are being foreclosed on had no fucking business taking on the loans they did. If you are supposedly smart enough to handle a 250 K loan you should be expected to be smart enough to understand what a variable rate interest means.
NCAJAX 4 months ago
btw... I didn't know Cenk has piercing(s?)
nallekarkki87 4 months ago
Romney is 100 % right just ask any intelligent real estate agent .
imN0Ttheone 4 months ago
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RON PAUL 2012 FOR PREZ
1uneek 4 months ago
Romney wants the housing market to bottom quickly not in 5 years time. this is a good thing. if houses are cheap this will help home buyers.
optionsupdate 4 months ago
cenks criticism is not fair, romney says the housing correction should be accelerated so it is over quickly, his point is that the overhang needs to clear a good thing, who will buy a house when they know the banks have huge inventory to off load.
optionsupdate 4 months ago
@optionsupdate Why do they have huge inventory to offload? I'll tell you, because they wouldn't work with many people who wanted to refinance, so millions were put out onto the street. Banks have never been more profitable. You should read some Matt Taibbi articles to understand everything more clearly. One is called "rocket docket". The banks almost never have the foot-tall stack of papers you sign for your mortgage...
shadowfaxx1 4 months ago
@optionsupdate NO. The bubble was created so that THE RICH can gobble up the cheap homes. It was CREATED, pure and simple. This was all done because of deregulation.
shadowfaxx1 4 months ago
@shadowfaxx1 dear sir, how made people go and pay huge price for a home? they did it by themselves, who would buy a house at 2% gross yield ? the banks are guilty of much , they could not create those mortgages without someone signing a note, banks should be punished and guilty put in jail
optionsupdate 4 months ago
WoW !! The up and down waves of the interest rates/economy always heavily favor the more wealthy, and wealth consolidates...so of course he wants it to run its course. That is where he comes from.
FD503 4 months ago
Hey, Cenk. Nice laser dot on your chin. Ahhh just kidding. Thanks for doing what you're doing. - Listener since 2006
AlmostaFlipinSkater 4 months ago in playlist More videos from TheYoungTurks
Anyone holding up for what Romney said does not even a basic understanding of capitalism, economics, what exactly caused the recession, or be in the top 1%. It amazes me that people talk about free market while at the same time our "free market" couldn't be in worse shape due to the top percent who don't give a f*ck about us. But you stubborn people still hold up for foolishness like this with no idea why you are doing so!!
poppingsmoke 4 months ago
Didn't he know they were recording him? He can't be serious. This is the best of the GOP? If you are not rich and a Republican you are an assclown.
SuperEric39 4 months ago
this dude is bleeding
xordon1 4 months ago
He's a republican, he likes hitting bottoms.....usually not female bottoms
hentia2 4 months ago
He's a republican, he likes hitting bottoms
hentia2 4 months ago
Did he know he was on camera? Here is my idea... Anyone who has paid the asking price of their home should just stop paying. What the fuck are they gonna do when millions of people just stop paying? If the 99% worked together we could completly change this country. Oh, and lets hang Romneys ass from the nearest tree.
demonorse 4 months ago
How the fuck did the banks get so fucking FAIL that they have to steal in order to make a profit?!?! What the fuck is the point of owning EVERYTHING if you turn everyone in to angry motha fuckers who wanna drink your blood? The whole "if i can't have it, nobody can" mentality never ceases to amaze me... You can't make up this shit...
Hey Mitt? Go sit on a shotgun and rotate!!
helioncry 4 months ago
Course he wants the foreclosures to go ahead. Listen to what he said, "investors" need to buy the homes, and put renters in. The only people who can afford to do that are the top 1%. Who's gonna protest when the people who own your home are the same people you're fighting against.
Valkes 4 months ago 15
@Valkes dude, what is the point of investors getting renters if the middle class isnt doing well. a tenant who cant pay is worthless. no landlord wants a poor middle class. they wish you the best and have LOTS of money. so at least you can pay the full rent amount and on time.
angryaznman 4 months ago
@angryaznman That's the point man, they want the middle class to be spending 80% of their income on rent. They know that a wealthy middle class means they get to own their own home, which means less money going towards living expenses and more towards things like education for their kids, or investments. They don't want a wealthy middle class, they want one making just enough to have basics.
Valkes 4 months ago
@Valkes lol nobody is going to spend 80% on rent. if you have to do that you need a cheaper place. also, id estimate with that kind of rent, 99% the tenant will NOT be on time for payments and by the time he leaves (or gets evicted for skipping rent) he will get away with multiple months of no rent.
not only is the eviction process very long, with many steps, but you cant do it during winter months.
angryaznman 4 months ago
@angryaznman Really?!? No one is gonna spend 80% on rent!!!! MY GOD WHAT A FOOL I'VE BEEN. BRB calling a press conference "Man discovers exaggeration not reality! More at 11." --.--
Valkes 4 months ago
@Valkes so whats your point then. at the end of they the simple fact is landlords want tenants who have money for obvious reasons. though most tenents dont pay on time anyway. by the time they leave they are months behind in rent. basically get away with free place to stay for months.
angryaznman 4 months ago
@angryaznman Uhh no, I've working in real estate rental, and that's pretty much never the case. My point is that foreclosure allows people with money to acquire property really cheap, sometimes that upper-middle class, but most of the time it's not. IMO the top 1% dream of a world full of wage slaves working to make just enough to afford the basics. Where things like ownership of your own home, and education for your children are privileges reserved for the rich alone.
Valkes 4 months ago
@Valkes uhhh no, i do property management and missed rent payments is so common it is an accepted loss in the business.
not necessarily. the banks have to sell at fair market value or they can get sued by those with the mortgage. they will say 'well i could have paid everything off if you didnt sell my house for so cheap'.
that is why low ball offers are filed by the bank, as proof they did not sell at cheapest just for speed. they did reject cheap offers.
angryaznman 4 months ago
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@Valkes uhhh no, i do property management and missed rent payments is so common it is an accepted loss in the business.
not necessarily. the banks have to sell at fair market value or they can get sued by those with the mortgage. they will say 'well i could have paid everything off if you didnt sell my house for so cheap'.
that is why low ball offers are filed by the bank, as proof they did not sell at cheapest just for speed. they did reject cheap offers.
angryaznman 4 months ago
@Valkes those rights are for the government to take care of. and between welfare, food stamps, gov. assisted living, rent geared to income, it is more than fair.
angryaznman 4 months ago
@Valkes and min. wage.
angryaznman 4 months ago
@Valkes The only ones who can afford homes are the 1%? Have you looked at house prices? it's totally a buyer's market.
AllNightDayDream 4 months ago
@AllNightDayDream Not where I live, but you're right the prices are varied and many people are buying homes cheaply.
Valkes 4 months ago
@shortywheat The prey had every oppurtunity to not take out a bad loan nobody forced a mortgage on anybody
starcatcher2222 4 months ago
Let the rich buy more and control more!
Royaleah 4 months ago 4
A typical right wing grub, Mitt the shit is the same as your average Israeli "gimmie your land ,if i cant get your house i,ll bulldoze it into the ground & drive you off,", Its called callous greed,
invaliduser1000 4 months ago
is that pimple or piercing on Cenk's chin
TurkiyeCumhurbaskani 4 months ago
i like the new reactions thing on youtube its cool
05candyman 4 months ago in playlist More videos from TheYoungTurks
wow
05candyman 4 months ago in playlist More videos from TheYoungTurks
more video of cenk amongst the occupiers i want more tyt on people's mic
bigjavo36 4 months ago
I really want to believe that deep down inside, people are decent. Each passing day, I'm finding it more and more difficult to grasp on to the notion.
So much blatant display of callousness & greed, yet a good number of the populous sucked it up; as if these politicians had their best interests. How blind must one be?
Ultra80s 4 months ago
Don't be so quick to judge. Mitt feels remorse like everyone else. Recently, he apologized to the Republican Party for ever having passed legislation in Massachusetts that helped poor people receive medical care. Mitt was ashamed of his actions and said he was "Deeply sorry," for ever having done something to help anyone suffering or struggling. "My only hope," he continued, "is that the care came too late and they died anyway." See? He's not such a bad guy. lol. Got this from the Onion.
lamborger 4 months ago
FUCK YOU Romney.
bamboo4tameshigiri 4 months ago 2
COME ON THIS IS HOW MITT MAKES MONEY ....BUY LOW SELL HIGH...DISMANTLE SOMETHING AND DONT GIVE A FLYING FUCK ABOUT WHAT IS GOING TO HAPPEN TO PPL THAT DOING THAT BUSINESS WILL BE AFFECTED BY THE REALIZATION OF THOSE BUSINESS ...AS LONG AS HE GETS PAYED
buakawkaoklai 4 months ago
did cenk peirce his chin?
Underpantsniper 4 months ago
@Underpantsniper looks like he cut himself shaving or something
theaceofspades39 4 months ago in playlist More videos from TheYoungTurks
Comment removed
Underpantsniper 4 months ago
i think he has a point though. thats how the economy has worked since ever. goes down and up. The Market always recovers eventually. i think maybe we should not dismiss this to quickly. I wonder how many TYT fans will call me "mean" names for posting this.
BloodJunkie11 4 months ago
A long time ago in England the banks lied to the people so the people sold all their stock at penny's then all the bank bought then at low price and made a lot of money. The right wants that to happen today.
I23awesome 4 months ago
Anyone who got a variable interest rate Mortgage and wasn't prepared to pay a higher rate is an idiot, they weren't defrauded at all they made a horrible decision and took a chance that they shouldn't have.
starcatcher2222 4 months ago
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@starcatcher2222 Fox News built up Mr. Cain, because he was new, because he's black. O'Reilly said Mr. Cain couldn't win, that the GOP has promised Romney the nomination already. Fox ignored Dr. Paul completely. Now, I see Fox TEARING DOWN Mr. Cain! Build him up, just to tear him down? That's dirty of Fox. When O'Reilly comes on tv, I switch the channel to Fox Business News "Freedom Watch." to learn about the news of the day and the CONSTITUTION. KILL MEDIA BIAS!
vechorik 4 months ago
pay? get bailed out? the banks make hundreds of thousands of dollars on a home from a homeowner over the course of the loan. hmm...how bout just taking LESS money and making LESS of a PROFIT? fucking asshole
amusingisthedawn 4 months ago
A future President who wants to encourage foreclosures?
verumdolor 4 months ago
Romney is correct on this issue. Sadly, the forecloseres need to happen to wring out the excesses. The alternative is to subsidize mortgages with taxpayer money. That is unfair to people without mortgages and even acts to RE-SUBSIDIZE the banks.
The sooner we get through all this foreclosure overhang, the sooner we can get on to a recovering economy...not before.
judoyodan 4 months ago
The banks don't want to foreclose quickly. It means they will get stuck with an unoccupied house hard to sell. Of course, they can't encourage default either. But it's not Obama's fault.
americanmuslimgirl 4 months ago
FUCK YOU ROMNEY! You rich asshole! Allowing people to refinance is the right thing to do, but you suck the COCK OF KOCH. Screw the little people, eh? We'll see about that. Maybe someone needs to show you the bathroom scene in Fight Club.
shadowfaxx1 4 months ago 3
@shadowfaxx1 NICE!
TheAparente 4 months ago
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@TheAparente ROMNEY'S 2012 PLAN CUTS MEDICARE--Ron Paul’s plan cuts $1 trillion the first year and it balances the budget in 3 years. The plan cuts spending - ending the costly foreign wars, and cuts foreign welfare, corporate welfare, and overgrown federal bureaucracy. These cuts are made so that those who are dependent on domestic spending programs such as Medicare aren’t endangered through a sudden change in benefits. Romney’s plan cuts Medicare, on which many elderly Americans rely.
vechorik 3 months ago
What a idiot..DOES HE HAS A SOUL..the answer is NO..the republican party are the scam artists..LIFE SUCKING MONSTERS
leluelane 4 months ago
every time one of these GOP candidates open their mouths evil comes out. They don't understand that people matter, the only thing they give a shit about is money.
Jusoon 4 months ago
Electing sons of millionaires and billionaires almost always ends up in a shitty government.
frepi 4 months ago 50
@frepi Look at Rome.
ConstantlyRushing 4 months ago
@frepi Both Roosevelts were sons of millionaires! So was JFK! Sometimes it works out pretty good!
MultiSamTaylor 4 months ago
@frepi agreed, but then again JFK and his brothers were descendants of millionaires and the family still is one of the wealthiest families in US history, and JFK is considered to be one of the greatest presidents of all time.
Dayonetheone 4 months ago
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--- spread the message around the world ---
its time to avenge the oppressed soul of this world. let us all unite against EVIL WORK of BANKS & DRUGLORDS.
BANKERS & DRUGLORDS has NO SOULS they belong to satan. they are serious to slave us all to death.
SAVE the ANIMALS & NATURE. END THE DEBT.
---- copy & paste WE ARE THE 99% FREEMAN ----
BURN THE BANKERS. BURN DRUG LORDS ALIVE & OCCUPY THE WORLD...!!!
BURN THE BANKERS. BURN DRUG LORDS ALIVE & OCCUPY THE WORLD...!!!
kopellhinex 4 months ago
WHORES & PIMPS!.....WHORES & PIMPS!
Politrixters are just greedy WHORES......And the Lobbying Corporations & Banksters are their PIMPS!....& you dear public are simply their Jons!
THE WORLD IS RUN BY WHORES & CONTROLLED BY PIMPS!
12235117657598502586 4 months ago
By investors he means fuhrers
pistolpete1st 4 months ago 2
An AR-15 would cure so many problems in this country. People just have to aim them at the right people.
CrisKG125 4 months ago
banks don't make money on foreclosures... they would, however, if the government bailed them out which is what has happened before. if i'm underwater on my house and foreclose tomorrow, the bank will LOSE money.
snuckyr 4 months ago
@snuckyr Banks make money on forclosure, that has been proven already. They made money before the bailout by cashing out on the bet and leaving the costs to the investors.
pistolpete1st 4 months ago
Mitt Romney is a fucking idiot.
Xaphnir 4 months ago
Maybe someone who makes mortgage payments can give me some perspective. I am a college student, and the thought of getting a mortgage scares the shit out of me. I would never get a mortgage if I didn't for one second think I could make payments or even completely pay it off. So I think bankers are largely to blame, but we can't forget these people didn't do their research when purchasing a home they knowingly couldn't afford.
drumzz2much 4 months ago
Typical lets put america on the streets so Mit can make more moneys.
Outtamytree 4 months ago
Unfuckingreal. Allow investors to buy CHEAP homes to then charge HIGH rent to those of us who cannot get into homes. I guess I was wrong, Mitt is a real republican.
Just anther republican on the big banks payroll.
TheUSMetalhead 4 months ago
@TheUSMetalhead
If you've worked hard and squirreled your cash aside there's nothing preventing you from seizing upon good real estate opportunities now. People have a right to be mad at Wall Street...I secretly harbor a desire to see it burn.
But part of the personal accountability many don't wish to assume has to include being smarter with money. Americans absolutely suck at personal finance, and that is not the bankers fault. Ignorance as much as greed led us here.
lowenklee 4 months ago
@lowenklee You are absolutely right. I couldn't of said it better myself. A lot of people, including myself are against the bailouts. But now you hear these anti bailout people CHANTING we (the people) need a bailout bc we were not smart and bought a loan in which they couldnt afford. The hypocrisy is overwhelming.
ColbyQuinn 4 months ago
Throw him in the gulag
LiberalJerseyman 4 months ago
I usually agree 100% with TYT, and disagree with Romney...mostly because he's a bought sock puppet. Having said that, he's right this time. As long as these bad mortgages aren't resolved (and sadly foreclosures are the only way), the economy won't recover. Bad debt is like a 1 ton block of concrete holding the economic recovery back.
Having said that, they should have given the money to people to fix their mortgage issues (unless those people were stupid and bought something they can't afford).
Radehx 4 months ago
What the hell is on Cenk's chin?
EscpdFrmPsykward 4 months ago
Willard Romney appears to lie and flip flop, anything to get the office he dealr wants. But voters can clearly see this and Willard will not be the Republican candidate, much less president
americanfellow 4 months ago
WOW.Mitt Romney is, no joke, retarded .
nowwithmorekick 4 months ago 27
@nowwithmorekick No, you're just economically illiterate
AllNightDayDream 4 months ago
@AllNightDayDream You think foreclosures of people's houses is a good thing? Your retarded like Romney.If mass foreclosures started happening they should do anything in there power to stop it.A lot of people put in a lot of money into there house and can't afford to just move after losing there house even when they have there mortgage and everything else paid off.
nowwithmorekick 4 months ago
@nowwithmorekick Yeah I think he is, he's going lose votes for saying that.
KillerBee256 4 months ago
@nowwithmorekick not a "good" thing in a strict sense, but it's absolutely necessary. If their mortgage is paid off, they won't get foreclosed. You have to essentially restart the industry before you can see house prices go up again, and that involves getting rid of these bad deals. Once prices start to rise, the whole business of buying a house will be much more stable for everyone, homeowners and all.
AllNightDayDream 4 months ago
@AllNightDayDream People who have everything paid off on there houses are getting foreclosed.Even still people who are just a little behind are really getting foreclosed on because the houses are owned by a bunch of banks that want to make money off the housing market.
nowwithmorekick 4 months ago
@nowwithmorekick no, if the bank is forced to call in the loan its because YOU guys yelled at the gov. to regulate the loans.
thats why you cant be behind in payment. you know what a loan is when you are behind in payment? a bad loan. the exact kind gov. regulators DONT want the banks having.
angryaznman 4 months ago
@angryaznman Ok.First off the Goverment works for the banks.Secondly it's when all this deregulation of the banks and big corporation when all the foreclosures rally started getting out of hand.Because of deregulation we have way higher amounts of chemicals in our rivers, oceans, and air and because of that and a few other things the US per capita has the highest cancer rate.We need the gov to regulate corporations.Bottom line of a corporation is making money not our well being.
nowwithmorekick 4 months ago
@nowwithmorekick yes, i agree lack of regulation let the banks do what they shouldnt.
but im saying that in yelling about that, the regulation NOW is more strict. they will FORCE the bank to clamp down on bad or even struggling loans.
angryaznman 4 months ago
@angryaznman Also a number of people who has had there houses paid off 100% still has had there house foreclosed on. In the news there was a family that had this happen to them and they couldn't get a lawyer to take on there case when they did find that lawyer and went to court the court ordered that the bank be foreclosed and the family got to keep anything inside the bank besides the money.
nowwithmorekick 4 months ago
@nowwithmorekick that has to be a rare incident and not the norm. because its ILLEGAL. if you pay off your loan, the house is yours.
you will have to link me the story for me because i think there is more then just "i paid off my loan and the bank still took my house". that is 100% illegal. something else is also happening.
also maybe clarify the court verdict? banks dont get foreclosed on...you mean the court force the bank to foreclose on them? i thought they already did? thats the case?
angryaznman 4 months ago
@nowwithmorekick not only does regulation force banks to handle bad loans, but you will find its even harder to get that mortgage now.
people have LESS chance of even trying to own a home for themselves now. most banks are too scared of gov. regulators to give loans to anyone who isnt 100% capable of supporting the payments. with mortgage being only 75% of the house value at most. so they are 99% able to sell the house to recover the loan.
angryaznman 4 months ago
@angryaznman Why is it that corporations and banks have less regulation today then ever before.Why is it after they passed these laws and news media like fox says get rid of regulation and after all that happened things got a lot worse.Regulation is good as long as the government isn't paid off so they have our well being in mind and regulate corporation who's bottom line is profit.Thats why corporation ship jobs over seas and pay for slave labor.Slavery still exist and they take full advantage.
nowwithmorekick 4 months ago
@nowwithmorekick 'capitalism'? 'free market'? only a few years ago americans proudly used these terms. why? because they didnt know these systems promote wealth disparity and powerful corporations. it simply does. lack of gov. does that. its not anti commie, its just fact. people should have accepted it a long time ago.
of course regulation is needed. im just saying, there will be consequences. aka. harder to get mortgage now. it didnt actually help anyone get a home.
angryaznman 4 months ago
Mitt Romney hanging from a gallow, Americans.
.
I know you punish terrorists by blowing them to pieces but this guy deserves a fair trial set for death penalty.
underbjorn 4 months ago
@underbjorn
again, stop sticking your nose into other peoples' affairs, you little no account socialist twerp.
go study more of Karl Marx
genie0390 4 months ago
What about all of the foreclosures that were pushed through so quickly that the paperwork was screwed up? Is this guy insane? I guess this is the way that Republicans think. They want us to fail so that the rich can just continue to walk all over us.
BramSLI1 4 months ago
Why do should banks get everybody's houses when their tax dollars just BAILED THEM OUT?!?!?!
helioncry 4 months ago