But seriously, this is typical Clintonista MO. Do as I say, but not as I do. But what’s even more infuriating is the media or the public (with the exception of a few) call them out for it.

As usual, they get away with it once more.

Move along..nothing to see here.

The problem, is that this is the ultimate Hypocrisy on the part of Williams and her boss.

She sat on the board for seven years and did nothing to help the “poor borrowers” suckered into mortgages with prepayment penalties? Seven years.

Said another way, she aided and abbetted one of the worst in the industry. Prepayment penalties are not the norm, they were used by companies to make it harder for borrowers to refinance with other banks when the ARMs matured and interest rates increased.

The foreclosure crisis that has ravaged some Midwestern cities has not hit Philadelphia – the 469 properties listed for sheriff’s sales in February were significantly less than the 598 in February 2007. And while the United States experienced a 79 percent increase in foreclosures in 2007, the 2,041 homes sold by the sheriff’s office last year was a 7 percent decrease from 2006, according to sheriff’s office figures.

But to Democrats wholesale intervention into contracts is worth any price —

Banks warn against interfering in the foreclosure process. Levy and others say lenders will stay away from places where they cannot count on a mechanism to collect on their loans that are not repaid.

“If you can’t seize collateral, if the moratorium stays in place, then it sets a bad environment for doing residential mortgages,” said Daniel J. Reisteter, vice president of government relations for the Pennsylvania Bankers Association.

http://www.philly.com/philly/news/20080328_Phila__sheriff_s_home_sales_suspended.html

Hillary Rodham Clinton’s eight years as first lady were packed with meetings, speeches, foreign trav…

Eventually it all got worked out, but many months and many thousands of dollars later.

how is it that she allows people who have gained off the work of those unfortunate and unwitting “victims” who bought much more house than they could afford continue to work in her campaign if they willingly accepted money from the “victims”?

Maggie Williams (already tainted by the Johnny Chung scandal) got rich while serving

Sorry, I don’t think $200,000 is “rich” seeing that she probably paid more than 50% in taxes. And if she is living in NYC $100,000 does not go vary far. Sounds like a lot but in reality isn’t that great.

MM,
I thought you were a capitalist? Whats wrong with making money. Was there a person in the room with a gun to the borrowers head making them sign a bad mortgage? What happened to Suck It Up?

I think what the pre-pay clause they may be referring to is some lenders charge 2 to 5 percent of the balance of the mortgage if you refinance prior to 1 year, 2 years passing. So if you sign for a bad mortgage that charges 5 percent and you refinance with someone else within the year, on a $100,000 loan you have to cough up an additional $5,000 to refinance the loan.

Hey, how ’bout returning the money earned through practices your boss so despises, Maggie?

This is definitely an instance where one should not hold their breath waiting for it to happen.

And Delta assessed penalties to borrowers who paid off before their loans matured – a practice Clinton frequently decries on the campaign trail.

“I would eliminate the prepayment penalties that lead to such high rates of default,” Clinton said

Ok, if you can pay off your loan early, but choose not to do so to avoid a penalty, you default, umm, why….? I mean, you have the money to pre-pay, so why would you default? Oh, yeah, just another politician making noises, sorry.