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Harsh Foreclosure Critic Elizabeth Warren Reportedly Made a Fortuneā€¦'Flipping' Foreclosed Homes
The Blaze ^ | 6/2/12 | Erica Ritz

Posted on 06/03/2012 10:27:44 AM PDT by Nachum

Elizabeth Warren has been plagued throughout her campaign for a Massachusetts Senate seat by what appear to fibs of her own creation.

It began when claimed to be Cherokee, because her “Papa” (pronounced “Papauw”) had high cheekbones, and there was “family lore.”

She reportedly rode that claim all the way to Harvard, where she was pronounced a “minority professor,” when in reality, a genealogist found she is a scant 1/32 Cherokee.

Now, the woman who claims to have created the “intellectual foundation” for Occupy Wall Street– notorious for its anti-foreclosure actions– is revealed to have made a small fortune flipping foreclosed homes in the 1990′s.

The Boston Herald, which uncovered the findings, explains:

Elizabeth Warren, who has railed against predatory banks and heartless foreclosures, took part in about a dozen Oklahoma real estate deals that netted her and her family hefty profits through maneuvers such as “flipping” properties, records show.

A Herald review has found that the Democratic U.S. Senate candidate rapidly bought and sold homes herself, loaned money at high interest rates to relatives and purchased foreclosed properties at bargain prices.

Land records from Warren’s native Oklahoma City show the Harvard professor was active in the often topsy-turvy real estate market in the 1990s, including:

• Purchasing a foreclosed home at 2725 West Wilshire Boulevard from the U.S. Department of Housing and Urban Development for $61,000 in June 1993, then selling it in December 1994 for $95,000 — a 56 percent mark-up in just 18 months.

(Excerpt) Read more at theblaze.com ...


TOPICS: News/Current Events
KEYWORDS: critic; foreclosure; fortune; warren
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Good for me, but not for thee
1 posted on 06/03/2012 10:28:05 AM PDT by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 06/03/2012 10:33:39 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

Got that right. Preying on the misfortunes of others. That’s what she calls it when others do what she did. She made confiscatory her profits compassionately and lovingly, I’m sure.


3 posted on 06/03/2012 10:34:51 AM PDT by BradyLS (DO NOT FEED THE BEARS!)
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To: BradyLS

This woman is the gift that keeps on giving. I can’t remember laughing this much at a democratic candidate and the photoshops of fakohontus or the fakochee are great!


4 posted on 06/03/2012 10:39:44 AM PDT by volunbeer (Don't worry America, our kids can pay for it!)
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To: Nachum
I can’t believe the lactating lawyer with a heart of gold for the downtrodden didn't try to renegotiate the mortgages of the people who were going into foreclosure.
5 posted on 06/03/2012 10:42:10 AM PDT by CaptainK (...please make it stop. Shake a can of pennies at it.)
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To: Nachum

“when in reality, a genealogist found she is a scant 1/32 Cherokee”

I would love to see a source for that...I think the 1/32 claim came from Warren herself.

I have found an interesting website (http://www.pollysgranddaughter.com/), in which the writer compares Warren’s ancestry to that of a Cherokee Chief. It goes back to 1824 (which is before the Cherokee were forced to move to Oklahoma). No Indian blood whatsoever was found in Warren’s family...and several census records state relatives were ‘white’...and one record even indicates a relative ‘leased’ land from the Indians.

The research on this website seems a little more in depth than ‘Pappi had high cheek bones’.

I don’t even accept the 1/32 claim.


6 posted on 06/03/2012 10:44:26 AM PDT by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: Nachum

Would a few FReepers from Boston comment as to if this story is getting any traction up there?


7 posted on 06/03/2012 10:45:03 AM PDT by reefdiver ("Let His day's be few And another takes His office")
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To: Nachum

Since she’s a good Democrat, this story will be buried.

If an evil Republican had flipped houses and made money, it would be a shameless, heartless act. But a good Democrat doing the same thing is okay. Those are the rules of the media and liberals. Events and actions are interpreted differently, depending upon whether the person involved is a Democrat or Republican.


8 posted on 06/03/2012 10:46:03 AM PDT by Dilbert San Diego
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To: Nachum

She will fit right in with Nancy Pelosi.

One of the 1% who claims to be for the common man.


9 posted on 06/03/2012 10:47:36 AM PDT by Venturer
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To: Nachum

*rubs hands together gleefully*

Hee hee...I do so love it when a sanctimonious hypocrite like Warren gets exposed.


10 posted on 06/03/2012 10:48:15 AM PDT by DemforBush (A Repo man is *always* intense!)
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To: Nachum

“Lending one of her brothers money at 9.5 percent interest...”

I have loaned family members money when they needed help. I have never charged them interest.


11 posted on 06/03/2012 10:48:15 AM PDT by Twotone (Marte Et Clypeo)
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To: Nachum
when in reality, a genealogist found she is a scant 1/32 Cherokee.

FALSE. The genealogist from NEHGS found no record to confirm that earlier speculation. REPEAT there are NO genealogical records to suggest any American Indian in her ancestry. NONE.

12 posted on 06/03/2012 10:50:00 AM PDT by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
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To: Nachum

Me think she pee pee in own teepee.


13 posted on 06/03/2012 10:56:16 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: reefdiver

This isn’t going unnoticed up here. It’s made its way on to local newscasts,papers etc.
Will it have enough impact in Nov.? Too early to tell


14 posted on 06/03/2012 10:57:22 AM PDT by GQuagmire
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To: Nachum

How did she get the nomination? Oh I forget, cheating.


15 posted on 06/03/2012 11:14:06 AM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: lacrew

Agree. The Blaze got it wrong. She is 32/32nds white.


16 posted on 06/03/2012 11:17:21 AM PDT by Jacquerie (No court will save us from ourselves)
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To: Nachum

You mean she got foreclosed property cheap, spend a few grand on refurbishing and didn’t give it back to the victims who lost their home to greedy bankers?


17 posted on 06/03/2012 11:41:48 AM PDT by AU72
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To: Nachum

So on top of everything else, Fauxahontas is a house-flipper, too?


18 posted on 06/03/2012 12:55:54 PM PDT by Old Sarge (RIP FReeper Skyraider (1930-2011) - You Are Missed)
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To: Old Sarge
So on top of everything else, Fauxahontas is a house-flipper, too?

A tee-pee tipper! A wig-wam wrangler! A hogan hoarder! A pueblo pusher!

19 posted on 06/03/2012 1:05:55 PM PDT by BradyLS (DO NOT FEED THE BEARS!)
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To: Nachum

Harsh Foreclosure HypoCritic Elizabeth Warren Reportedly Made a Fortune…’Flipping’ Foreclosed Homes


20 posted on 06/03/2012 1:40:29 PM PDT by TigersEye (Life is about choices. Your choices. Make good ones.)
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