Replies

Well what differences did the Texican Cheerleader’s administration believe existed between the business model that Countrywide was operating with, and that which caused Penny Pritkzer’s Sub-prime Chicago Family-owned bank to FAIL?

So it is your contention that the governor of Texas should have seen something that no one in the FDIC, the SEC, or any other Federal regulatory agency (that are specifically tasked with monitoring such things) saw until years later? Don't you think that is kind of a high bar to set for anyone? I know you are not interested in truth or fairness - you are just hoping to find something to hammer Perry with, whether it has any basis in reality.

no one in the FDIC, the SEC, or any other Federal regulatory agency (that are specifically tasked with monitoring such things) saw until years later?

No one? We'll get to that shortly.

But first, given that any SBA lender would perform due diligence on the business plan of a prospective borrower (and have the paperwork to prove it), answer the question:

What differences did Governor Perry's administration believe existed between the business model that Countrywide Financial was operating with, and that which caused Penny Pritkzer’s Sub-prime Chicago Family-owned bank to FAIL?