Comments on: Baltimore: Our city sucks and it’s all Wells Fargo’s fault

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By: Hmm, Detroit, San Francisco, Baltimore, California… « Tai-Chi Policy

Hmm, Detroit, San Francisco, Baltimore, California… « Tai-Chi Policy — Sat, 26 Dec 2009 00:54:39 +0000

[...] But of course they’ll blame anything and everything else. [...]

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By: AlohaGuy

AlohaGuy — Wed, 16 Dec 2009 17:40:27 +0000

Mayor Sheila Dixon has been convicted of stealing gift cards meant for poor children.

Dickensian. “Please Ms Dixon, may I have a gift card?” “Gift card?!! You want a gift card?!!”

Hmm – I’ll bet not one kid in Baltimore has ever read Dickens.

By: MarcoPolo

MarcoPolo — Wed, 16 Dec 2009 16:59:01 +0000

No doubt the city of Detroit will be watching this case very closely….

By: DanMan

DanMan — Wed, 16 Dec 2009 16:48:06 +0000

This should come as no surprise. Recall the city attorney of Baltimore came out quick to say that she was going to file charges against Hannah Giles and her pimp for exposing ACORN.

By: TigerLady

TigerLady — Wed, 16 Dec 2009 16:46:57 +0000

Roman Con said:

Homicide, Life on the Streets.

Classic.

By: corkie

corkie — Wed, 16 Dec 2009 15:09:30 +0000

On December 15th, 2009 at 2:33 pm, bluesoc said:

From what I’ve read, Wells Fargo made money off of these loans by repackaging them and selling them off before they were foreclosed on.

Then shouldn’t the buyers of those loans be selling Wells Fargo?

By: stillontheroad

stillontheroad — Wed, 16 Dec 2009 13:36:35 +0000

What do you expect from a City that gave us Piglosi

By: DesertLover

DesertLover — Wed, 16 Dec 2009 12:46:54 +0000

balmed=blamed … DUH!!

By: DesertLover

DesertLover — Wed, 16 Dec 2009 12:40:19 +0000

bluesoc and others need to take a deep breath and go back and read the Community Reinvestment Act (CRA) passed by the Dems under Carter which gave birth to the banks being forced to make more real estate mortgage loans to those living in minority neighborhoods or else. This was widely expanded under Clinton to add pressure on the banks make the “no down payment” and other risky loans without proper verification of income and credit. This allowed ACORN and their sort to make direct threats to banks and mortgage companies to sue them and literally close them down if they did not go along with the new “rules”. People such as Frank and Dodd and their Clinton cohorts running Fannie and Freddie made millions while refusing to allow any changes in additional oversight from Congress to be implemented.

Many folks can be blamed at various points along the way but no single bank can be balmed.

Isn’t it odd that Baltimore can sue Wells Fargo but no one can sue Baltimore because they are protected by law from law suits?

By: Roman Con

Roman Con — Wed, 16 Dec 2009 10:42:56 +0000

Who’d want to buy a house in ~~Beirut~~ Baltimore in the first place? Think about it – the most successful, popular crime dramas were set in Baltimore: Homicide – Life on the Street and The Wire.

I’m no thespian, but could that be called typecasting?!?

By: Danceswithdachshunds

Danceswithdachshunds — Wed, 16 Dec 2009 05:24:52 +0000

bluesoc said: From what I’ve read, Wells Fargo made money off of these loans by repackaging them and selling them off before they were foreclosed on.

SpeakEasy said: …. You said yourself Wells Fargo is not the bank that foreclosed on the houses in question so how is it Wells Fargo’s fault?

Right and I haven’t seen bluesoc respond to that. If Wells Fargo managed to sell off the risky loans then those cannot be the loans that Wells Fargo is foreclosing on – someone else is. You can’t have it both ways bluesoc.

By: SpeakEasy

SpeakEasy — Wed, 16 Dec 2009 04:59:02 +0000

Will low income liberals ever learn that democrats are not helping them but actually keeping them down? Maybe this administration will drive home the point. Then again some will probably never learn.