Back in 1997, when Mitt Romney was still at Bain, he was involved in a housing investment deal that ended up going upside-down due to the housing crash. Here’s something the left will never mention because it doesn’t fit the profile they’re trying to construct:
The result was a rare Romney flop: The housing market soon collapsed, and he was stuck renting out the houses for years before unloading them, mostly at a loss, in the late 1990s, according to property records. The renters were offered the first chance to buy, but the Stampses could not qualify for a mortgage, recalled Mr. Stamps, who at the time had recently lost his job at an oil company.
“Then I got this phone call, personally, from Mr. Romney, asking if we really wanted to buy the house,” Mr. Stamps, 63, said in an interview the other day at the barbershop he now runs. “I said, yes we did. And he said he would loan us the money. He really helped us when we needed it.”
Amid the campaign furor over Mr. Romney’s wealth and taxes, the relatively tiny real estate investment — the mortgage generates less than $2,500 in annual interest income, according to his disclosures — has gone largely, though not entirely, overlooked.
You mean Romney didn’t just kill this guy’s wife and move on? That’s how he operates, you know.
Speaking of that, it sounds like Priorities USA — the pro-Obama Super PAC that did the “Romney killed my wife” ad — was looking for more dirt, but here they must have gone away horribly disappointed:
Mr. Stamps said that he and his wife had received calls in recent months from strangers who “seemed to be looking for negative stuff” about Mr. Romney, but that the couple had nothing to say to them. (The Stampses recently refinanced the original 30-year loan; the new mortgage, still with Mr. Romney, was dated June 12 but signed just two weeks ago. Details of the interest rate were not included in the public record.)
If they’re looking for sad stories from people who are having financial problems, why don’t they call some ex Solyndra employees?