Elizabeth Warren Slams ‘Small, Insecure Money Grubber’ Trump For Profiting Off Housing Crisis

[applegrove]

Elizabeth Warren Slams ‘Small, Insecure Money Grubber’ Trump For Profiting Off Housing Crisis

http://thinkprogress.org/politics/2016/05/25/3781852/elizabeth-warren-trump-housing-profit/

by Aaron Rupar at Think Progress

"SNIP...............


In a 2006 Trump University audiobook, Trump was asked about “gloomy predictions that the real estate market is heading for a spectacular crash.” He responded by saying the prospect was actually something he was looking forward to.

“I sort of hope that happens because then people like me would go in and buy,” Trump said. “If there is a bubble burst, as they call it, you know you can make a lot of money… If you’re in a good cash position — which I’m in a good cash position today — then people like me would go in and buy like crazy.”

Now that those comments have been unearthed, they’re coming back to haunt the presumptive Republican presidential nominee. On Tuesday, Sen. Elizabeth Warren (D-MA) excoriated Trump for the remarks, saying they’re reflective of “a small insecure money grubber who doesn’t care who gets hurt so long as he makes money off it” and “cares about no one but himself.”

“Sometimes Trump claims he is tough on Wall Street, but now he is singing a very different song, he is saying that the new Dodd-Frank regulations, and I’m going to quote here, ‘made it impossible for bankers to function’ and he will put out a new plan soon that will be close to dismantling it,” Warren continued. “Donald Trump is worried about helping poor little Wall Street. Let me find the world’s smallest violin to play a sad, sad song.”



...............SNIP"

[scscholar]

1. She already admitted to doing the same

She shouldn't continue this line of attack. She lost her moral standing on this issue.

[applegrove]

2. ?

[scscholar]

3. Buying foreclosed houses and making a huge return

IIRC, it was 140% average return. She was much better at it than Trump. She should own that and attack him with that instead of attacking the fact he did it. She should make the public aware of how bad he was at it.

[KelleyKramer]

4. Please provide a link for that

[scscholar]

5. "an on-paper return of more than $700,000"

https://www.bostonglobe.com/news/nation/2016/05/25/donald-trump-accuses-elizabeth-warren-making-quick-profits-flipping-houses/d9Pelzba0hj00R8kcKf45H/story.html

[KelleyKramer]

6. She bought a $50k house for her parents, oh the horrors!!!

And her parents lived in it until they died.

Those were all for family members, most were bought over 20 years ago in the 1990's, and the very last one was bought in 2007 (from your link- "a squat, one-story brick home&quot so ALL of them were bought before the 2008 housing crises.

Thanks for a heads up on the bullshit rightwing talking points, it will be good to be ready when these lies start showing up on Facebook.


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