EXCLUSIVE: Romney Profited From Mortgage Lenders Foreclosing On Thousands Of Floridians

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EXCLUSIVE: Romney Profited From Mortgage Lenders Foreclosing On Thousands Of Floridians

EXCLUSIVE: Romney Profited From Mortgage Lenders Foreclosing On Thousands Of Floridians

They’re all connected to Wall Street and against us.

Go ahead and vote for this winner who was cashing in on you getting booted out your home!

ThinkProgress-

A ThinkProgress examination of Mitt Romney’s presidential personal financial disclosuresfrom May 2011 reveal that the former Massachusetts governor and his wife own or owned millions of dollars worth of a Goldman Sachs investment fund invested heavily in mortgage-backed obligations. And the current owners of those mortgage debts began foreclosure proceedings against thousands of Floridians.

Along with his investments in Bain Capital funds linked to offshore tax havens, the Romneys have large investments in the Goldman Sachs Strategic Income Fund (institutional class). The firm’s March 2011 annual report for the fund notes that about 8 percent of the fund is invested in banks and 24.5 percent is invested in mortgage-backed obligations. Romney’s form says he has invested between $1,000,001 and $5,000,000 in the fund and his wife Ann has invested an additional $1 million-plus. Since the 2008 economic meltdown and the enactment of the Troubled Asset Relief Fund, this fund has done quite well, growing 7.88 percent between April 2010 and March 2011.

[THINKPROGRESS]

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  1. […] we’re hearing that Romney who has profited from mortgage lenders foreclosing on floridan’s is considering Mr. Rubio as a running […]


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