Mitt Romney Loves Foreclosures

2012 Republican presidential candidate Mitt Romney is in favor of more people losing their homes because he believes it will help the economy and housing market. The Young Turks host Cenk Uygur explains.

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Category:

News & Politics

Tags:

• MittRomney
• RomneyForeclosures
• RomneyBanks
• RomneyRefinancing
• RomneyHousing
• RomneyJobs
• RomneyEconomy
• RomneyPresident
• Romney2012
• YoungTurks
• Tyt

[coyote7272]

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.

[133Joro]

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.

[solarcradle]

OUCH

[nowthatsinteresting1]

@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.

[GuillermoSTD]

@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]

@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.

[nowthatsinteresting1]

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.

[T0PGun25]

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.

[wayne17700]

this man is supposed to be represent the citizens not the banks

[mauibrad]

The Banks love this.

[DaAznThug]

THAT ROMMNEY MUST BE KILLED!