Another bad idea from Bernero

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Virg Bernero wants to halt home foreclosures.  Not with common sense economic policy or telling would-be homeowners that they don't yet have the financial resources to own a home. No, no, Virg has other things in mind:

Bernero said a priority as governor would be to withdraw $1 billion in state money from J.P Morgan and Chase banks for their refusal to ease up on foreclosures and invest the money in Michigan-based banks and credit unions.

 

“Snyder talked about optimism and bringing people together, Bernero came out throwing blame,” said David Smith, a vice president of investments for Stifel Nicolaus. “He said the words Wall Street five times and ‘big banks’ 12 times,” Smith said.

Well, yeah. That's what the "angry mayor" shtick is all about. He puts himself up as a man of the people, willing to fight for the little guy, when all he is going to do is fight against the big guy and give the winnings to his union buddies.

It is not sitting well with everyone, and not just those bankers that Virg is demonizing:

Mani Khavajian, 29, of West Bloomfield normally votes a straight Democratic ticket, but he's not so sure this year. He voted for Snyder in the Republican primary.

I think, thankfully, you'll see a lot of that this year.