Utah Senator Mike Lee Shows Us What Contemptible Is

You might not have seen the news blurb that appeared last week that said that Tea Party Favorite Senator Mike Lee of Utah had his dream home foreclosed by J P Morgan. Having a home foreclosed on is something no one wants to go thru and it is of course possible that even our Government representatives have financial difficulties.

A deeper dive on the story provides some facts that should disturb anyone. Mike Lee, you might remember was the Tea Party favorite that ousted evidently not conservative enough Senator Bennett a couple of years ago. Being a Tea Party favorite Mr. Lee is strongly against most government programs and certainly against such programs as the bank bailout, homeowner bailouts and the like.

A strong part of the programs that have been rejected and held up in the Senate regarding the sub-prime mortgage crisis involved making accommodations with homeowners who were underwater on their properties. Incentives would be given to banks to write down mortgages, lower payments, as well as as host of other options to aid homeowners. Senator Lee you can be sure with the Tea Party backing has not been in favor of these programs. It should be noted that the banking industry itself, and certainly J P Morgan has not been in favor of these programs either.

Therefore having a sitting Senator who has voted against these type of aid and incentive packages accept a short sale where the bank eats over $400,000 dollars in reduced value as a loss is so far beyond the pale as to be hard to comprehend. The fact that Senator Lee thinks banks should not be forced or urged to help homeowners but that he, as a sitting United States Senator, who votes on these issues that the banks do not favor, accepts this kind of favoritism from J P Morgan raises so many red flags that there should be no way that he can accept widespread scrutiny of his activities.

Thus far this has not happened. Short stories in friendly local papers with no outrage following. Strange indeed.

For me this is one of the worst examples of hypocricy I have seen .