He wouldn't touch student debt, but Scott Walker rolls out grand mortgage debt 'plan.'

While former bogus university founder and failed casino owner Donald Trump is posing as America's coronavirus crisis pharmacologist, Scott Walker has begun offering the country's financial leaders tips on borrow-friendly mortgage portfolio management.

I find this odd, to say the least, since Walker offers no evidence that the national financial trade groups to which he sent his proposal had solicited his advice.

Did they issue a 'Reply-Everyone' RFP, or is this anything more than Walker creating a record to haul out in the next campaign when he needs to show how he spent his coronavirus isolation time at home?

Did GOP pols get a directive from Free Media Central telling them to throw out advice to people in charge to make it appear as if Republicans, including Robin Vos and Scott Fitzgerald, are all just brimming with bright ideas?

You can see all of Walker's words on the issue in a series of March 19 posts on his Twitter feed which includes a link to his Facebook page to his full communication and the names of banking trade groups to which he sent it. 

But, seriously, with what credibility and authority does Walker suggest to major lenders how they might change their lending collection policies during a national emergency?

Don't they have their own people for that?

And we know Walker opposed student loan debt restructuring when he had a chance to implement changes that would have really helped borrowers when he was Governor:

Walker: Refinancing student debt won't help

Then I remembered he'd been a fan of payment skipping before.

Walker blows off state debt payment

In fact, he'd done it twice - - regardless of long-run interest costs:

Walker administration delays $101 million debt payment

Gov. Scott Walker's administration this month put off making $101 million in debt payments, driving up costs for taxpayers by more than $2 million in the long run, according to the Legislature's nonpartisan budget office... 

The maneuver is often called "scoop and toss" because an existing date is scooped up and tossed into future years. Last year, the Walker administration used the move to put off $108 million in debt payments. 

Again, seriously, should America's bankers have any reason to listen to a defeated Governor who rushed to commit billions of public dollars to Foxconn, whose grand design for a gigantic Wisconsin production and employment facility which had begun to stall and shrink well before the pandemic began taking down the economy?

Anyway, here are the closing paragraphs of Walker's proposal - - which, coincidentally, doesn't clearly address the consequence of increased debt interest as would have been triggered by the state debt payments he deferred:

Financial institutions in the United States should announce that mortgage payments may be deferred for up to six months. This would provide peace of mind for millions of Americans. Customers with mortgages at these financial institutions could skip their payments for the next six months and then add them on to the end of the loan.  

Today, I ask the financial institutions of our country to announce a plan to allow Americans to defer their mortgage payments for up to six months. We are all in this together, and this would dramatically lower the stress level in the United States.  

Thank you for your thoughtful consideration.  

Sincerely, Scott Walker 45th Governor of Wisconsin 2011-2019