I just saw a tv commercial, and it made me wonder.
In the commercial and on the website, former Senator and GOP presidential candidate invites seniors to sell their homes with a government backed reverse mortgage. Unfortunately, some seniors might find themselves in a position to need to do that, and that’s understandable. However, there are other issues involved with pitching reverse mortgages, such as whether the practice encourages seniors to spend down assets that they might otherwise pass on to children as an inheritance.
I’d want to know more about AAG before I criticize Thompson too harshly on this. But one of my first thoughts when I saw this commercial was that “he can’t be too seriously considering running in 2012.”