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Well, this is awesome

Kobie

Kobie

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Trump treasury pick's bank foreclosed on senior who owed 27 cents - NY Daily News

Trump treasury secretary pick Steven Mnuchin’s bank foreclosed on 90-year-old woman who owed 27 cents


A bank owned by Steven Mnuchin, Donald Trump's Treasury secretary nominee, foreclosed on a 90-year-old Florida woman who owed 27 cents, reports revealed Thursday.

The practices of OneWest Bank have received renewed scrutiny since the Republican president-elect announced the onetime Goldman Sachs banker as his pick Wednesday. Over 36,000 foreclosures followed Mnuchin and partners’ purchase of failed bank IndyMac in 2009, according to the California Reinvestment Coalition.

“In essence what they did is they bought a foreclosure machine,” Kevin Stein, the housing advocacy group's deputy director, told National Public Radio.

An 86-year-old California man told the radio station that OneWest refused to modify the home equity loan on him and his wife’s longtime home even though they qualified three times for a government-backed modification. The bank sold their home of 50 years in 2011.
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Consider the swamp drained, my friends!
 
Hawkeye10 said:
I hope you dont approve of hackers helping to government and corporations secure the internet from hackers and thieves.

Cause that would be a double standard.

Who ever is going my way.

Is fine to walk with me.

I'm easy and fair.

REASONABLE

ME
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I can't make heads or tails of this.
 
A foreclosure machine? You mean bad debt?

"
Mnuchin and his partners renamed IndyMac to OneWest after buying it from the Federal Deposit Insurance Corporation

Mnuchin and his partners ended the mortgage practices that caused IndyMac to fail, but the FDIC picked up the tab for the worst assets left over."

Yep, so it was already bust when he bought it.. Nonstory..
 
Orly? said:
A foreclosure machine? You mean bad debt?

"
Mnuchin and his partners renamed IndyMac to OneWest after buying it from the Federal Deposit Insurance Corporation

Mnuchin and his partners ended the mortgage practices that caused IndyMac to fail, but the FDIC picked up the tab for the worst assets left over."

Yep, so it was already bust when he bought it.. Nonstory..
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But ORLY? A really good bottomfeeder would buy such a distressed property with a lot of debt, and would squeeze those debters like a pro....almost getting actual getting blood from a stone.

Maybe this was one of them guys.

But if Trump says he is OK NOW...

Then I am OK
 
Kobie said:
Trump treasury pick's bank foreclosed on senior who owed 27 cents - NY Daily News


Consider the swamp drained, my friends!
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That woman thought she could nickel and dime and hide behind the sweet old lady defense. She got taught a valuable lesson. I see these kind of shenanigans all the time in the insurance industry. Senior citizens thinking they can get away with shortchanging everyone by a few cents here and there and then whining when their insurance doesn't cover their heart surgery, their liver medications or their breathing machines.

They can't have services if they aren't willing to pay the bill.
 
reinoe said:
That woman thought she could nickel and dime and hide behind the sweet old lady defense. She got taught a valuable lesson. I see these kind of shenanigans all the time in the insurance industry. Senior citizens thinking they can get away with shortchanging everyone by a few cents here and there and then whining when their insurance doesn't cover their heart surgery, their liver medications or their breathing machines.

They can't have services if they aren't willing to pay the bill.
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I would put the chance that you actually work in the insurance industry at zero point zero.
 
Kobie said:
Trump treasury pick's bank foreclosed on senior who owed 27 cents - NY Daily News


Consider the swamp drained, my friends!
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I do not know enough about the details, but one question nags. Should someone live in accommodations they cannot afford? At one point after the crisis I looked at a number of similar allegations and invariably found that the main issue was that the owner could not really afford the real estate. The mistake was usually made much earlier and the hard consequences followed later and caused distress.
 
Kobie said:
Trump treasury pick's bank foreclosed on senior who owed 27 cents - NY Daily News


Consider the swamp drained, my friends!
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Of course you forget to mention that the owner of the bank who foreclosed on that poor old woman is George Sonos.

OneWest Bank Group LLC, a bank holding company, from 2009 to 2015. According to Politico, OneWest Bank Group was funded partly by George Soros
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https://heavy.com/news/2016/05/stev...dman-sachs-clinton-soros-democrat-photos/amp/
 
Kobie said:
Enlighten me, if you can.
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Are you familiar with the phrase "it takes a thief to catch a thief"?

Or with the concept of recruiting hackers to become good guys and help secure systems against other hackers?

Hawkeye was suggesting that the same principle might be being applied here in regards to this guy's hiring.
 
Toggle Almendro said:
Are you familiar with the phrase "it takes a thief to catch a thief"?

Or with the concept of recruiting hackers to become good guys and help secure systems against other hackers?

Hawkeye was suggesting that the same principle might be being applied here in regards to this guy's hiring.
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Is that how the Trumpkins are going to spin these nominations?
 
Geoist said:
Is that how the Trumpkins are going to spin these nominations?
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I have no idea. I just understood what Hawkeye meant and jumped in with an explanation.

As far as politics goes, as long as the Supreme Court gets stocked full of justices who will enforce the Second Amendment, I'll be happy.
 
Obama's initial Treasury Secretary pick didn't pay his taxes.
 
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