Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Grampa Dave; CutePuppy; DieHard the Hunter; mewzilla; george76; Libloather; maggief; SueRae; ...
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

33 posted on 02/16/2009 10:38:31 PM PST by Liz (Problem with socialism is you eventually run out of other peoples money. M. Thatcher)
[ Post Reply | Private Reply | To 11 | View Replies ]


To: Liz
This reads about like the scientific methodology the leftist in Congress passed on to US last Friday the 13th...

‘Pick-A-Pay’ stimulus model. Kinda of like ‘Agent Orange’ was used to defoliate ‘green’ the government now spreading a toxic defoliant across what is left of free market ‘capital’.

Sure have to wonder if the Sandlers were among the lobbyists who penned that thousand page + stimuli.

Are we yet equalized with the rest of the world, as was the Clintons stated public policy in the 90’s or is there still more to be taken from US?

34 posted on 02/17/2009 4:25:10 AM PST by Just mythoughts
[ Post Reply | Private Reply | To 33 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson