Say Anything Blog

What is it with these politicians (Conrad, Obama, Dodd) shaking down banks to get extra special deals. 

Slimeballs.

What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.

How much will Barry O send to habitat for humanity to make this go away?

Think a US Senator with a couple of multi million $$$ book deals might have a better credit rating than the average mortgage applicant?
Think that might explain
getting a better rate?

He locked in an interest rate of 5.625 percent on the 30-year fixed-rate mortgage, below the average for such loans at the time in Chicago. The loan was unusually large, known in banker lingo as a “super super jumbo.” Obama paid no origination fee or discount points, as some consumers do to reduce their interest rates.

Of course the media will give Barry a free pass just as they have Conrad. Did anyone notice the Herald’s spin job today? http://www.grandforksherald.com/articles/index.cfm?id=80931&section=homepage

I like how the herald has decided to take conrads side of it.

Why the extraordinary help in bailing out Countrywide?” as a Herald “Viewpoint” column asked last week.

Conrad claims he gave routine, not extraordinary, help to a bill bailing out the mortgage industry, not Countrywide specifically.

And the bill came in response to a national housing crisis — again, not a Countrywide-specific problem — that developed only over the past year.

That must have been some phone call in 2002 if it predicted the entire housing crisis and engineered Congress’ response, Conrad suggested.

“How does the Senate’s self-proclaimed ‘numbers guy’ not know the most basic facts about his own mortgage?” last week’s Viewpoint also asked.

But remember, Conrad says that none of his four mortgages got interest-rate discounts, and only one saw the shaving of a single point. And points vary enough between lenders to make “missing” this discount a reasonable claim.

Again, more damaging evidence could surface, and the cynic in us probably wouldn’t be surprised. The North Dakotan in us would be, however. Over his decades in office, Conrad has built a reputation as an honest and dedicated public servant. That’s a real achievement given Washington’s many temptations, and it’s the final reason why Conrad has earned the benefit of the doubt.

— Tom Dennis for the Herald

Tom Dennis is part of the problem nothing to see here folks, if this had been a republican there would have been a public lynching of that said GOPer.

Check out:
Goon’s North Dakota Red Neck
Goon’s World

Al Gore sells “carbon credits”, maybe I could sell “Hand in the cookie jar” credits to those caught in pubblico esposizione flagrante

For any voter trying to choose between the two candidates for commander in chief, there is no better test than this: When American strategy in a critical theater was up for grabs, John McCain proposed a highly unpopular and risky path, which he accurately predicted could lead to success. Barack Obama proposed a popular and politically safe route that would have led to an unnecessary and debilitating American defeat at the hands of al Qaeda.

Frederick W. Kagan

Think a US Senator with a couple of multi million $$$ book deals might have a better credit rating than the average mortgage applicant?

Did you ever think all those book deals by politicians are just a way to launder cash for political favors?

Woof, good question.  My take is “no”, since every politician is only a scandal away from losing that sweetheart Senate and book income.  Big paychecks can justify a big house purchase for cash.  They don’t justify a monster loan, as they don’t represent ongoing income.

Unless, of course, there is an expectation of quid pro quo.

does this really surprise anyone we need to get rid of all some how. how being the operative word ideas please any ideas i come up with open rebellion. ideas please not involving deaths if possible.

In other news, the McCains owe $7,000 in property taxes on one of their 7 properties.

Funny how they get away with that. You dumbasses certainly wouldn’t.

Justsayin’

You are a little late to the party.  It was discussed a while ago.
http://sayanythingblog.com/entry/cindy_mccain_owes_about_7000_in_back_property_taxes_due_to_a_postal_error/

“We need not worry so much about what man descends from - it’s what he descends to that shames the human race.”

JustSayin’ - hurry up and change the subject! Away from Obama!

You are a little late to the party.  It was discussed a while ago.

“Postal Error”. Happens all the time. The McCains spend upward of $250,000/year on domestic staff. I guess someone needs to get the chop for the “postal error”.

JustSayin’ - hurry up and change the subject! Away from Obama!

You mean, just like the author of the linked post referenced by your fellow douche? How lame of me.

I know this may shock you, but wealthy people rarely pay market rates. 

He didn’t get this deal because of being a Senator, but because he was going to put $3 million in the bank.

Think a US Senator with a couple of multi million $$$ book deals might have a better credit rating than the average mortgage applicant?
Think that might explain
getting a better rate?

I think Rob could consolidate his case if he had Obama’s FICO rating. Then maybe this would be more than sound and fury, signifying nothing. Also, with all the no-bid govvy contracts that have been given out in the last 7 years… a post like this takes some serious balls.

What Rob fails to address is the basis of his argument is that Obama’s interest was below the “average”.  Average means that some get above that and some get below that.

The bank indicated that is does not have a VIP program. Obama has released his financial records, we know what he makes and we know what his wife makes.  He received a competetive offer from another bank and the bank wanted his business, not just on the home loan but all his financial business.

Banks consider the overall financial health of any applicant for a home loan in determining the rate of the home loan.  The do it in banks in North Dakota as well.  If you have a high FICO score, low debt ratio, high salary, good payment history, you are going to get a better home loan interest rate, period.

So really, nothing new here.  The desperateness of you righties is truly a marvel to behold.

The desperateness of you righties is truly a marvel to behold.

I believe WaPo broke this one.

Banks consider the overall financial health of any applicant for a home loan in determining the rate of the home loan.  The do it in banks in North Dakota as well.  If you have a high FICO score, low debt ratio, high salary, good payment history, you are going to get a better home loan interest rate, period.

Puzzle,

All you’ve established is that generalizing is a dangerous practice for those who don’t know what they’re talking about.

Above a certain level, a stronger credit score, lower debt-to-income ratio, or a higher income level, are basically meaningless.  Particularly if the mortgage loan in question is a “conventional” loan.  A FICO score of 810 will get you no lower rate than a 710 score, all else being equal.  It is only with “portfolio” loans, those held by the bank, rather than being bundled and sold off, that there is any real underwriting discretion.

Barack Obama was a prominent individual and the bank wanted the rest of his banking business.  And because of those factors, not his dti or FICO score, they cut him a deal so as to get more of his business.

“Poverty of goods is easily cured; poverty of the mind is irreparable.”

I guess Rob is implicitly calling for more regulation, to keep a watch over Obamer and Dodd and Conrad!