Posted on 06/18/2008 11:59:52 PM PDT by CutePuppy
I have read 2 "stories" from "A Professional News Organization Zone" and combined the "news" contained in them ("news" is "news" and, unlike "music" or "lyrics", cannot be "owned" by any "news" organization, even really big one like APNOze) without explicitly quoting the "stories". If there are things in this news account that APNOze thinks are different from their version of the news, they are welcome to provide correction to this story or their own account of same news.
Here's a basic digest of what happened:
A Washington watchdog group Citizens for Responsibility and Ethics requested House Ethics Committee to investigate history of real estate loans defaults by California Representative Laura Richardson (D-CA).
James York, an investor who purchased her foreclosed house in May of 2008 for $388,000 at an auction held by Washington Mutual (WaMu) bank that provided the mortgage loan that Richardson defaulted on by failing to make timely payments, now claims that congresswoman used her influence as legislator to have WaMu and subsidiary to renege on the sale.
So York filed a lawsuit in Sacramento County Superior Court, seeking return of the house along with punitive damages. "They rescinded the notice of trustee sale and put it back in her name before even telling me. "It's not a difficult case. It's a valid sale," he said.
Laura Richardson purchased the house for something like $535,000 in January of 2007.
Richardson spokesman, William Marshall, declined comment. WaMu spokeswoman could not comment due to lack of authorization from Richardson.
I appreciate your comments on the news. It's unfortunate that some APNOze affiliates (especially numerous small, struggling ones) will lose whatever click-based advertisement they might have had from links to these two stories.
Send inquiries to Sen. Chrissy Dodd. He is VIP at WaMu.
yitbos
These “deals” between WaMu and “selected” VIP Congress Critters -— displaying a criminal level of banking practices, was enough to finally convince me to withdraw all funds from WaMu....
You might mean Countrywide, which had Chris Dodd and Kent Conrad as their VIPs?
Quite interesting that, while Dems have been fiercely protecting and sponsoring Fannie Mae (of Raines, Gorelick and Johnson infamy, to name just a few) and Freddie Mac - just look at $300B bill now in Congress for their and mortgages “bailout”, they were pretty harsh over the years to both WaMu and Countrywide (and its CEO Angelo Mozilo) which led me to assume that they were Republican “shops” (I never cared to check their political donations) unlike, for instance, Citigroup or Goldman Sachs which were mostly Democrat donors.
So, at first, it was a little surprising to me when these stories recently broke about this entirely new Dems’ “culture of corruption”, starting with Johnson in the Obama campaign, involving WaMu and essentially bankrupt / insolvent Countrywide (bailed out by BoA with the blessings from Fed and Congress). It doesn’t surprise me now.
Nope, I meant WaMu...... First for granting a loan to this Congress Critter whose credit rating must have been smaller that her shoe size - and THEN reneging on their foreclosure sale....
Countrywide, WaMu, Century 21. Chairman of Senate Committee on Banking, Housing, and Urban Affairs is a VIP at all of them.
But, yes, I was thinking of Countrywide (8>)
yitbos
Why can’t democrats admit they are thieves and be done wioth it?
Wow! I never knew CREW went after Democrats.
Besides, she is getting to be an unmitigated embarrassment so they might want to have that out of the way as the prime "culture of corruption" symbol to hide "minor" infractions like Dodd and Conrad and other VIPs.
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