To: billorites
I'm no fan of Elizabeth Warren, but as far as making her a hypocrite, this column is pretty weak cheese. I see no "quick flips" here, there is no description of the nature of the $4,000 foreclosure (that happened well before homeowners were defaulting en masse, and the scant numbers provided for the $55,000 mortgage tell me nothing about what she bought it for, or under what circumstances.
10 posted on
06/01/2012 5:24:41 AM PDT by
jiggyboy
(Ten percent of poll respondents are either lying or insane)
To: jiggyboy
They should have left out the “flipping” comment.
The point they are making is that Lieawatha Warren does not like foreclosures today but she was buying foreclosed homes in the 1990’s.
“”””Thus foreclosures harm other homeowners both by encouraging additional foreclosures by reducing home sale prices, while decreased property values hurt local businesses and reduce state and local tax revenues.””””
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