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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBen Carson confuses real estate term "REO" for "Oreo"
Rep. Katie Porter, D-Calif., was attempting to ask Secretary Carson about disparities in REO rates. According to Porter, Federal Housing Administration loans have far more properties that become real estate owned, than other loans from Fannie Mae or Freddie Mac.
I would also like to ask you to get back to me, if you dont mind, to explain the disparity in REO rates. Do you know what an REO is? asked the congresswoman.
An Oreo
replied Carson.
R, no not an Oreo. An R-E-O. shot back Porter.
Real estate? asked Carson.
Whats the O stand for? said Porter.
E-organization? asked Carson.
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After the hearing, Carson tweeted a picture of himself sending a pack of "Double Stuf" Oreos to Porter, along with a note.
"To Rep. Porter: Thanks for your part in today's hearing. Hope you like the OREO(s)," it read.
https://www.usatoday.com/story/news/politics/2019/05/21/ben-carson-real-estate-term-oreo-cookies/3755393002/
emmaverybo
(8,144 posts)grantcart
(53,061 posts)Its like the pot calling the kettle "someone who doesn't even know the basic nomenclature of the industry you control"
That he mixed it up with the word "oreo" is beyond ironic.
Carson can always be counted on for comedic relief.
Eliot Rosewater
(31,109 posts)Achilleaze
(15,543 posts)What a disaster they are for America.
The_Counsel
(1,660 posts)...per instruction from the White House, I'm sure.
The fact that Carson even showed up for the hearing at all was a small miracle.