You hear Romney say investors and IMMEDIATELY you equate that statement to rich wealthy people.
I am not a rich wealthy person yet I AM one of those investors who purchases property for rent and have done so for flips. Many MANY people I know including several who are on this website do the same thing. They are not the same rich wealthy who you love to vilify, they are middle class scrubs just like me.
Your perception of Romneys statement is
” he’s wants the wealthy to benefit at the expense of regular people. Let him burn.”
My perception of Romneys statement is
“tax money should not be used to backstop wealthy banks and wealthy investors who hold the paper on the original loan”
So who is correct?
Also I think it is safer to say that important part of the statement is to let them foreclose. What happens after that, whether they are purchased for cash at trustee sales or put on the market for ANYONE to buy is not consequential. The important part is that it is not the taxpayer who is on the hook, and the overall market is not manipulated.
Seemingly all of this is lost most likely because of your perception of Romney.
