Po_d Mainiac
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Thu Jan-21-10 07:11 PM
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WTF?? FDIC been bought?? From HuffPost |
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Sheila Bair, one of the chief regulators overseeing Bank of America’s federal rescue, took out two mortgages worth more than $1 million from the banking giant last summer during ongoing negotiations about the bank’s bailout and its repayment.
Read more: http://huffpostfund.org/stories/2010/01/fdic-chief-got-bank-america-loans-while-working-its-rescue#ixzz0dIMvEckL Under Creative Commons License: Attribution No Derivativeshttp://banktracker.investigativereportingworkshop.org/banks/
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liberalmuse
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Thu Jan-21-10 07:13 PM
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1. I think I prefer Politico to Fluffpo these days. |
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I still go there, but I don't believe most of the crap they post there.
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Grand Taurean
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Thu Jan-21-10 07:15 PM
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2. So long as she did not recieve |
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any special deals she if fine. She has to get a loan from somewhere.
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Demeter
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Thu Jan-21-10 07:22 PM
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Po_d Mainiac
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Fri Jan-22-10 07:31 AM
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5. The no-rental language is common |
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in both primary and vacation home mortgage contracts. If the property is used for income purposes, the interest is normally higher. So in essence this is a freebee. Very uncool.
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Demeter
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Fri Jan-22-10 07:50 AM
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6. NO, She could Have Rented a Property |
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She didn't have to buy. In fact, the fiscally wise are saying don't buy anything--wait for the collapse, then pay cash.
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elleng
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Thu Jan-21-10 07:18 PM
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She spoke very strongly in recent hearings about need for regulation. She's one of the few, maybe only one, who's been around AND does her job well.
She needed mortgages, as many of us do. Bet that BoA was the ONLY bank around?
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CanonRay
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Fri Jan-22-10 09:48 AM
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7. She should be fired today |
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This is one of the clearest ethics rules in government, and everyone at FDIC (where I used to work) understands it. The fact that she got a retroactive waiver says it all.
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DU
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Sat May 04th 2024, 05:34 AM
Response to Original message |