Organizations funded by the Sandlers include:
American Civil Liberties Union (ACLU)
Moveon.org
ProPublica
America Votes
ACORN
Center for American Progress
Human Rights Watch
The Sandlers are credited with the invention of the “Pick-A-Pay” mortgage that allowed borrowers to pay less than the interest due on their loan each month — which increased the total amount owed by the borrower. Analysts place the blame on the near failure of Wachovia in the fall of 2008 on the “Pick-A-Pay” mortgage portfolio they acquired from the Sandler’s firm.
Sandler, Marion O
SAN FRANCISCO, CA
94111 $2,300 08/30/2008 P OBAMA FOR AMERICA - Democrat
Sandler, Marion O
SAN FRANCISCO, CA
94111 $-2,300 08/30/2008 P OBAMA FOR AMERICA - Democrat
Sandler, Marion O
SAN FRANCISCO, CA
94111 $2,300 08/30/2008 P OBAMA FOR AMERICA - Democrat
Sandler, Marion O
SAN FRANCISCO, CA
94111 $2,300 08/18/2008 G OBAMA FOR AMERICA - Democrat
Sandler, Marion
OAKLAND, CA
94612 World Savings & Loan Assoc./Executi $2,300 05/30/2007 P NANCY PELOSI FOR CONGRESS - Democrat
Sandler, Marion
OAKLAND, CA
94612 World Savings & Loan Assoc./Executi $2,300 05/30/2007 G NANCY PELOSI FOR CONGRESS - Democrat
http://tinyurl.com/bzf5z9
The money-hungry Sandlers invented the “Pick-A-Pay” mortgage-- borrowers paid less than interest due each month---which increased the total amount owed. While most legit mortages are paid down (and off) over time ---the Sandler's toxic mortgages increased over time. Analysts place the blame on the near-failure of Wachovia on the “Pick-A-Pay” garbage acquired from the Sandler’s firm----from which the toxic duo walked away with $2B.
SNL backed off satirizing them; CNBC mentioned “Pick-A-Pay” mortgages in "House of Cards"--the epic 2-hr documentary on the housing collapse----but protected the Sandler's identity.
The self-absorbed, left-loving Sandlers. Thanks to these two---we are stuck with:
ACLU
Moveon.org
ProPublica
America Votes
ACORN
Center for American Progress
Human Rights Watch
CAMPAIGN CONTRIBUTIONS:
Sandler, Marion O, SAN FRANCISCO, CA 94111 $2,300 08/30/2008 P OBAMA FOR AMERICA - Democrat
Sandler, Marion O, SAN FRANCISCO, CA 94111 $-2,300 08/30/2008 P OBAMA FOR AMERICA - Democrat
Sandler, Marion O, SAN FRANCISCO, CA 94111 $2,300 08/30/2008 P OBAMA FOR AMERICA - Democrat
Sandler, Marion O, SAN FRANCISCO, CA, 94111 $2,300 08/18/2008 G OBAMA FOR AMERICA - Democrat
Sandler, Marion, OAKLAND, CA 94612 World Savings & Loan Assoc./Executi $2,300 05/30/2007 P NANCY PELOSI FOR CONGRESS - Democrat
Sandler, Marion, OAKLAND, CA, 94612 World Savings & Loan Assoc./Executi $2,300 05/30/2007 G NANCY PELOSI FOR CONGRESS - Democrat