WE Blog

Kinda like the sweet deal jim ryun got on his Washington townhouse?

This post makes it seem like all the mortgage “deals” were made by democrats.

Wrong. It was ONE of the reasons ryun lost two years ago.

bth,
No, don’t go after them. Insist that congress make laws requiring real estate companies who gave sweet deals to congressmen to give the same deals to everybody. We don’t have royalty in this country.

It’s not just the Warren Theater loan, choose.

Mark my words. Economic development as it is practiced today is the BIGGEST hoax ever perpetrated on the American taxpayer.

It’s a free country. Lenders get ego kicks as well as more business by lending and finding homes and apartments for the rich and famous.

Get over it.

White trailer trash will always be white trailer trash. They won’t get a sweet deal.

But the rich and famous always will.

Democrat, republican, and independent.

http://topics.nytimes.com/top/news/business/companies/countrywide_financial_corporation/index.html?inline=nyt-org

But now, with the entire mortgage business on tenterhooks and industry practices under scrutiny by securities regulators and banking industry overseers, Countrywide’s money machine is sputtering. In August 2007, the company was forced to draw down its entire $11.5 billion credit line from a consortium of banks because it could no longer sell or borrow against home loans it has made. Later that month, Bank of America invested $2 billion for a 16 percent stake in Countrywide, a move that came amid speculation that Countrywide’s survival was in question and that it had become a takeover target — notions that Countrywide had publicly disputed.

But in January, Bank of America announced that it had agreed to pay about $4 billion in stock to acquire Countrywide in a deal that could significantly bolster Bank of America’s position in the mortgage market while rescuing Countrywide from possible bankruptcy.

In further troubles, the United States Trustee filed a lawsuit at the end of February against Countrywide, citing a pattern of questionable practices in a bankruptcy case and asking the Federal Bankruptcy Court in Atlanta to sanction the company.– March 8, 2008
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This is another of a long line of questionable finance companies who bit into the massive mortgage debacle, which fostered the CMO and CDO nightmare that resulted in hedge fund operators sitting back, loaning these same sleezebags billions, and waiting for them to fail, so they can gain control of the same financial companies for pennies on the dollar.

Mortgage companies, financial companies, banks . . . they all want our dollars, and sure as hell don’t want us to pay off our debts. There is no housing crisis; there is a return to normal, after mortgage brokers created this scam by making sub-prime loans, shaky loans, loans to people who could never pay the mortgage in a million years, and making the credit card the savings bank of choice for over 40% of the population. Now, doesn’t that make sense?

Does it bother me the financial institutions are failing? Hell no. Does it bother me our so called political leaders are owned lock-stock-and barrel by those same companies? Hell yes, and it should bother every American who believes this country should be run Of the people, By the People, and For the People, ’cause that sure as hell ain’t the way it is now.

“It’s a free country. Lenders get ego kicks as well as more business by lending and finding homes and apartments for the rich and famous.

“Get over it.

“White trailer trash will always be white trailer trash. They won’t get a sweet deal.

“But the rich and famous always will.

“Democrat, republican, and independent.”

And the Fire Marshall will always get free tickets to the theater and the FEC Regulator will always get stock at reduced prices. As pointed out before, the point is that the people in Congress and in the business of providing regulation (and most of the examples in the header were Democrats) are more than just the “rich and famous”, they are the farmers getting favors from the foxes, and the rest of us are the hens.

Like Ben said, go after (or at least investigate) ‘em all!

Be careful what you wish for, you might get it.
The good and the bad do not come in separate packages and you can never escape the consequentiality of your actions.

Life, Liberty and the pursuit of happiness, what does it mean to serve your government?
What do you surrender when you serve your government?
Who is the government?