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"Keating Five" McCain's Foreclosure King

Posted by libhom Monday, October 13, 2008

I wondered why "Keating Five" McCain's rhetoric towards people who have lost their homes due to foreclosures resulting from predatory Adjustable Rate Mortgages (ARMs) has been so harsh. He has been nastier than any GOP candidate this year, which seems pretty politically tone deaf to me.

Thanks to rickb at Ten Percent for pointing me in the direction of David Trott. I had previously blogged on efforts by the Michigan GOP to challenge voters whose homes had been foreclosed. Guess who has been providing the lists of foreclosure victims.

David Trott

From Blah3:

In Michigan, plans are afoot to block voters with foreclosure lists provided by McCain’s landlord, David Trott. Why spend the time campaigning where you know in advance what the result will be?

Robert Pratt isn’t a slacker. He had bought a home with a low interest mortgage, but then payments doubled. He is raising 5 children, works 7 days a week, but still can’t keep up.

“I’m losing my house, but I’m still a U.S. citizen.”, he says.

“We will have a list of foreclosed homes and will make sure people aren’t voting from those addresses,” party chairman James Carabelli told Michigan Messenger in a telephone interview …”

Here's more from Democracy Now!
The interview is with journalist Greg Palast.
GREG PALAST: Home after home after home, foreclosed, boarded up, abandoned. But in an exclusive enclave nearby, there are no boards over the windows. These go for $10 million apiece.

Wow! No foreclosure sign on this house. This is the home of David Trott. He is Michigan’s foreclosure king. No one has evicted more families in this state. What’s this below the Stars and Stripes? The Jolly Roger? It’s Mr. Trott’s flag. And this is Mr. Trott’s office. And it’s also Mr. McCain’s office.

If a Democrat were so closely tied to someone who makes so much money off of foreclosures, the corporate press would be all over it. But when the man who says "my friends" all the time is so dependent upon a guy like Trott, it's treated like a non story.

Here's some background on Trott from the Michigan Messenger.
McCain’s landlord boasts of providing “comprehensive foreclosure, bankruptcy litigation and related services for the real estate finance industry.”

That means that as the Michigan housing market goes south, the Trott & Trott firm is prospering. The firm’s founder, David A. Trott, is also donating generously to the McCain campaign.

Trott and his wife Kathleen have given $23,000 to the McCain campaign in 2007-08, according to the Center for Responsive Politics. They gave another $52,400 to the Republican National Committee in May of this year.

"Keating Five" McCain always has sided with the bankers and their hired guns against middle class Americans. So, this doesn't exactly shock me. I wish I could say that I'm shocked by the corporate media's censorship of this important news story. Market Watch ran the only Trott story they care about.
David Trott was promoted from president to chairman and chief executive officer of APC, a leading provider of mortgage default processing services.

If you really want to be appalled, find out what Trott and Trott is doing to a 72 year old disabled woman.

 

2 comments

  1. Adam Says:
  2. This is saddening. Although I still haven't decided what bias the press has. It seems like most if it (except for FOX, obviously) is leaning towards Obama this year.

     
  3. RickB Says:
  4. The ACLU got 'em they broke the law!

     

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