Lie-awatha is at it again

[Jim in CT]

Originally Posted by Pete F.

Ah, Stable Genius II
She was sitting in an endowed chair and bought several homes that people unfortunately lost and sold them to her family.
Now tell us how as a purportedly rational person you decried that behavior and then support Mnuchin, or is he another guy you don’t really like
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"She was sitting in an endowed chair and bought several homes that people unfortunately lost and sold them to her family."

Which is fine.

The problem is, she attached banks for doing the same thing she did. She also got very rich off the backs of students who took out loans to pay her massive salary, but again, she says it's immoral for anyone else to profit off student loans.

No hypocrisy there? None?

"then support Mnuchin"

I generally have no use for Manchin (is that you you mean?), he talks like a Republican at home to get votes, then goes to DC and votes like Chuck Schumer. I don't like him, but I'm glad he torpedoed this bill. Though I'd bet he's holding out for more pork for WV, I don't believe he actually voted on principle. He has positioned himself as the most powerful person in the country right now. Even the president has to kiss his ring.

But I doubt you were critical of McCain when he killed Republican attempts to revise Obamacare. If that's heroic, so is what Manchin did. What's good for the goose...

[spence]

Originally Posted by Jim in CT

"She was sitting in an endowed chair and bought several homes that people unfortunately lost and sold them to her family."

Which is fine.

Actually she was buying them for family to renovate and resell because they apparently couldn't get the loans on their own. I'm not sure she even really made much money doing it.

The problem is, she attached banks for doing the same thing she did.

SHE DID NOT

Please Jim, if you're so objective as you say do a little homework.

[Jim in CT]

Originally Posted by spence

Actually she was buying them for family to renovate and resell because they apparently couldn't get the loans on their own. I'm not sure she even really made much money doing it.


SHE DID NOT

Please Jim, if you're so objective as you say do a little homework.

Christ you are laughably wrong on this one...

"Actually she was buying them for family to renovate and resell because they apparently couldn't get the loans on their own. I'm not sure she even really made much money doing it."

From the article below...

One such property she bought for $30,000, then sold for $145,000 five months later, a 383 per cent mark-up.

Sooo, either you are ignorant, or lying, or you don't consider a 383% return in 5 months to be "much".

That's one of many properties.

"SHE DID NOT"

Well, you have it in CAPS, and that bestows instant credibility on any falsehood, right?

She called the mortgage industry a "deregulated credit industry (that) squeezed families harder, hawking dangerous mortgages"

https://www.dailymail.co.uk/news/art...sed-homes.html

Here, poor Warren claims that the foreclosures "threaten our economy".

https://www.npr.org/templates/story/...ryId=101611260

So those "dangerous mortgages" were swell when they benefitted her.

SHE DID DO. NYAH, NYAH, NYAH.

[spence]

Originally Posted by Jim in CT

Sooo, either you are ignorant, or lying, or you don't consider a 383% return in 5 months to be "much".

I'm astounded you're trusted with numbers at work. It's not a 383% return. Take out the lending feeds, materials, labor and insurance to do the work and the net return is a fraction of this. As most of these houses were bought to family to renovate it's worth assuming they enjoyed most if not all of the profit.

She called the mortgage industry a "deregulated credit industry (that) squeezed families harder, hawking dangerous mortgages"

Which they were.

Here, poor Warren claims that the foreclosures "threaten our economy".

So those "dangerous mortgages" were swell when they benefitted

My last post on this, the banks were making predatory loans then aggressively foreclosing on people who couldn't afford it. This is nothing like what Warren was doing.

If you can't grasp this I'm astounded, again.

[Jim in CT]

Originally Posted by spence

I'm astounded you're trusted with numbers at work. It's not a 383% return. Take out the lending feeds, materials, labor and insurance to do the work and the net return is a fraction of this. As most of these houses were bought to family to renovate it's worth assuming they enjoyed most if not all of the profit.


Which they were.


My last post on this, the banks were making predatory loans then aggressively foreclosing on people who couldn't afford it. This is nothing like what Warren was doing.

If you can't grasp this I'm astounded, again.

i totally understand why you announced you’re not posting here again.

when banks profit from foreclosures, they also have expenses, legal fees, real estate broker fees, etc.

as always with liberals, it’s ok when she does it, heartless when anyone else does it.
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[Pete F.]

Originally Posted by Jim in CT

"She was sitting in an endowed chair and bought several homes that people unfortunately lost and sold them to her family."

Which is fine.

The problem is, she attached banks for doing the same thing she did. She also got very rich off the backs of students who took out loans to pay her massive salary, but again, she says it's immoral for anyone else to profit off student loans.

No hypocrisy there? None?

"then support Mnuchin"

I generally have no use for Manchin (is that you you mean?), he talks like a Republican at home to get votes, then goes to DC and votes like Chuck Schumer. I don't like him, but I'm glad he torpedoed this bill. Though I'd bet he's holding out for more pork for WV, I don't believe he actually voted on principle. He has positioned himself as the most powerful person in the country right now. Even the president has to kiss his ring.

But I doubt you were critical of McCain when he killed Republican attempts to revise Obamacare. If that's heroic, so is what Manchin did. What's good for the goose...

First of all she didn’t make her money thru flipping foreclosures.
And an endowed chair is funded thru an endowment, not tuition and the person is chosen because of their status in their field.

Mnuchin was the guy who was called the foreclosure king.
During Mnuchin’s reign, IndyMac carried out more than 36,000 foreclosures, tossing former homeowners (including active duty military servicemen and women) onto the street without hesitation or pity by any means necessary. According to a memo obtained by investigative reporter David Dayen, OneWest, the new name that Mnuchin and his billionaire posse coined for Indybank, of which Mnuchin was now CEO and chairman, “rushed delinquent homeowners out of their homes by violating notice and waiting period statutes, illegally backdated key documents, and effectively gamed foreclosure auctions.”

The Koch brothers still own a lot of real estate, but their best investment may be the Manchin they bought in West Virginia.
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[Jim in CT]

Originally Posted by Pete F.

First of all she didn’t make her money thru flipping foreclosures.
And an endowed chair is funded thru an endowment, not tuition and the person is chosen because of their status in their field.

Mnuchin was the guy who was called the foreclosure king.
During Mnuchin’s reign, IndyMac carried out more than 36,000 foreclosures, tossing former homeowners (including active duty military servicemen and women) onto the street without hesitation or pity by any means necessary. According to a memo obtained by investigative reporter David Dayen, OneWest, the new name that Mnuchin and his billionaire posse coined for Indybank, of which Mnuchin was now CEO and chairman, “rushed delinquent homeowners out of their homes by violating notice and waiting period statutes, illegally backdated key documents, and effectively gamed foreclosure auctions.”

The Koch brothers still own a lot of real estate, but their best investment may be the Manchin they bought in West Virginia.
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Pete, if someone follows the law, i don’t have a huge problem
with them flipping foreclosures. I have no problem
with Warren making money by flipping foreclosures. What i have a problem with, is when she says it’s evil when others do it.

if she can do it, so can everyone else.

And i have a huge problem with her calling someone a free loader who helped create 71,000 jobs in the US and who is going to pay $11 billion in federal income come tax in a year. He’s the exact opposite of a free loader, he’s contributing tons to the public good and taking little public money for himself. His money comes from smashing success in the free market.

Very few people who have ever lived, have been a better “deal” to the public, than he has.

Healthy people
who choose welfare over work are free loaders. Not Elan Musk. He’s a huge, huge, huge net positive for the public.
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