Politics

Out of context: Reply #1942

********
0
This probably just belong in the 'economy & banks' thread but it does have Lefty-ties to it.
http://en.wikipedia.org/wiki/Her…
Allegations of Predatory Lending
On October 4th, 2008, NBC's Saturday Night Live ran a skit which caricatured the Sandlers as predatory lenders who had scammed unsophisticated borrowers into purchasing homes that they could not afford. This skit stemmed from criticism that the Sandler's Savings and Loan had accumulated billions of dollars in sub-prime mortgages during the sizzling home markets of the 1990's and early 2000's. When the Sandler's sold Golden West to Wachovia in October 2006, these unstable loans would become the basis for Wachovia's meltdown in September 2008
Organizations funded by the Sandlers
Moveon.org
ProPublica
America Votes
ACORN
Center for American Progress
Human Rights Watch
Oceana
********
0Permalink
Upvote Downvote
Flag
- Saturday Night Live?
  I'm impressed
  ********
- I like how someone documented "unsophisticated borrowers". In other words, dummies who got scammed into buying homes they just couldn't freakin' afford. I'm a dishwasher at Wendy's. Bingo, you qualify for a 200k house in a newly developed McMansion shit-made fiberglass home. Pshhh!
  ********
- snl censored the skitsputnik2
Show [[ numHiddenNotes ]] more notes Add Note
Save Cancel