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Oh for the love of god, the whole Jim Johnson thing

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NotThisTime Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 12:57 PM
Original message
Oh for the love of god, the whole Jim Johnson thing
Are they serious? This guy did nothing illegal, he got two mortgages that were less than the regular rate, but not below what the IRS considers to be a gift.... having been in this situation a few times, I guess I could never get through the vetting process either...

Are the Repukes serious?? Do they know who put McShame's economic policy together??? Good god....
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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 12:59 PM
Response to Original message
1. They've got absolutely nothing, so they had to find something
to make into an 'issue'. Their desperation is showing.
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gasperc Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 12:59 PM
Response to Original message
2. it has all to do with Countrywide
I think they figure that the link to countrywide is lethal enough. Phil Gramm though is drowning in subprime shit
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NotThisTime Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 01:12 PM
Response to Reply #2
4. I think you're right, they're throwing the mortgage company name out there, well, we need to throw
Phil Gramm and all his enormous baggage out there.... What the hell is with this kind of crap & that's just what it is....

Before I face questions, I would like to say I'm also sorry I received a below market rate mortgage on two occasions :banghead:

UGH!!!
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gasperc Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 02:35 PM
Response to Reply #4
5. Johnson took himself off the team
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TexasObserver Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 01:03 PM
Response to Original message
3. a guy like him would get a below market rate no matter who made the loans
The strength and reputation of the borrower play a major role in his or her interest rate. He would clearly fall into the category of those who get better than average rates.

It's the difference in working at Enron versus buying energy from Enron.

It is entirely bogus as an issue.
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