Posted by
DD on Friday, July 27, 2007 8:48:57 PM
I was watching Road to the White House on C-SPAN today (it was an old one that aired on 7/22) and I saw John Edwards on his Poverty Tour in Cleveland, Ohio. He was at a local resident's house listening to the problems she had with her home loan payments. I posted an interesting part of the conversation on YouTube.
Background: The lady received a letter telling her that her house was going to be foreclosed. When Sen. Edwards asks what the basis of the foreclosure was, she gives two possible reasons. I bet you can guess which is the right one.
http://www.youtube.com/watch?v=b9AlxUV1pnIWhat really bugs me about all this is at the end of the conversation, after the YouTube clip ends, Sen. Edwards says, "So, sounds like they were just looking for the opportunity to take advantage of you." Her lender may very well be a predatory lender who violated all kinds of laws, but Sen. Edwards doesn't know this. The only facts that were presented to him were that a home loan lender was going to foreclose on a lady's house because she wasn't paying rent. If not paying rent doesn't justify a foreclosure, I don't know what does. It's both disingenuous and unsurprising that Sen. Edwards would assume that the company was trying to take advantage of her when he had no reason to beileve it had. Though I guess it makes for a better photo op.