Tea Party on Foreclosure: “They Bought Houses They Couldn’t Afford”
source: http://moneywatch.bnet.com/saving-money/blog/home-equity/tea-party-on-foreclosure-they-bough...
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We already know some Tea Party members don’t believe renters should vote.
But how do they feel about foreclosure? And, where does the Tea Party stand on the real estate crisis that has almost brought the American financial system to a standstill?
CNBC’s Rick Santelli’s now famous rant is credited with kick-started the Tea Party movement, even though Santelli has denied he is a part of the party and that his comment was anything other than spontaneous combustion (i.e., great TV).
Santelli yelled: “Why don’t you put up a website to have people vote on the Internet as a referendum to see if we really want to subsidize the losers’ mortgages. Or would we like to at least buy cars and buy houses in foreclosure and give them to people that might have a chance to actually prosper down the road, and reward people that could carry the water instead of drink the water?”
But it turns out that kicking folks out of their homes is a core tenant of the Tea Party movement.
Follow the link for the full story on CBS MoneyWatch
But how do they feel about foreclosure? And, where does the Tea Party stand on the real estate crisis that has almost brought the American financial system to a standstill?
CNBC’s Rick Santelli’s now famous rant is credited with kick-started the Tea Party movement, even though Santelli has denied he is a part of the party and that his comment was anything other than spontaneous combustion (i.e., great TV).
Santelli yelled: “Why don’t you put up a website to have people vote on the Internet as a referendum to see if we really want to subsidize the losers’ mortgages. Or would we like to at least buy cars and buy houses in foreclosure and give them to people that might have a chance to actually prosper down the road, and reward people that could carry the water instead of drink the water?”
But it turns out that kicking folks out of their homes is a core tenant of the Tea Party movement.
Follow the link for the full story on CBS MoneyWatch
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