The hands in the cookie jar
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[Kushner Cos. Gets $800 Million Federally Backed Apartment Loan](https://www.bloomberg.com/news/articles/2019-05-23/kushner-cos-gets-800-million-federally-backed-apartment-loan)
"The loan was issued by Berkadia, a lender co-owned by Warren Buffett’s Berkshire Hathaway Inc. and Jefferies Financial Group Inc., in a deal that’s backed by government-owned Freddie Mac" Hahaha, you are desperate!
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DRHuff wrote:
Hey - how did those European elections turn out?
Good, less and less Europeans voting for it, and the anti-EU parties are getting more votes from those who do show up. The EU is the best thing that could have happened; it will leave a mark that will last as long as the last war. The EU is the best advertising against itself since it was born :thumbsup: We are not the United States that the US are, nor will we ever be.
Bastard Programmer from Hell :suss: If you can't read my code, try converting it here[^] "If you just follow the bacon Eddy, wherever it leads you, then you won't have to think about politics." -- Some Bell.
Eddy Vluggen wrote:
We are not the United States that the US are, nor will we ever be.
Apparently so - most of Europe is slipping back into the fascist frame of mind that is the hallmark of its history. I sure wish those Oceans were wider. So frequently you squeeze in an opportunity to criticize the US/it's citizens. The valid conclusion is that things must be really shit where you are and you love trying to pretend it's worse elsewhere. Who knows - perhaps you'll be even more bitter after you accept that truth. Judging from the tenor of the posts in an early food-fight (with Tonald J. Dump - in the main thread), you appear to fit right in with the various Euro-Goose-Stepper-Wanna-be's.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
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Did you read the article, or just the headline? It's a loan from a business that uses Freddie Mac as a guarantor. I mean, the alternative for them would be like you or I trying to find a bank in the US that isn't covered by the FDIC to get a loan... Can you be mad about the stuff you're actually mad about, or is your hatred so shallow that you need to make stuff up?
"Never attribute to malice that which can be explained by stupidity." - Hanlon's Razor
FDIC is not Freddy Mac. If it were, there would be no problem. But it's not - so there is. Simplified - one is an insurer against bank collapses (for depositors), the other is a financial institution involved in loan-making.[^]
Nathan Minier wrote:
Did you read the article, or just the headline?
I think you ought rethink your comments, above and below.* * if you support Hump, no matter what, you are free to not bother learning why the loan is yet another problem.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
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"The loan was issued by Berkadia, a lender co-owned by Warren Buffett’s Berkshire Hathaway Inc. and Jefferies Financial Group Inc., in a deal that’s backed by government-owned Freddie Mac" Hahaha, you are desperate!
That's the problem - the government owned Freddie Mac is owned b the government - and look who's minding the (treasury) store!. Basically, taxpayers are backing an $800M speculative loan. Perhaps you ought to look up the FSLIC fiasco - how taxpayers bailed out the real-estate speculators. Essentially, it lets them gamble and keep the profits - and if they lose - we pay the debt. So - for the Hump-controlled Freddie-Mac to give his son-in-law a huge loan like this is, at the very least, unsavory. And despite what Hump's thrall-supporters think, it's still NOT alright to use one's political office to make a profit. ANYONE else in the executive branch would be fired (by law!) for that practice.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
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Just imagine Obama had a son-in-law and he got a loan guarantee of 800 M$. You would have seen conservatives tearing their shirts while yelling "Corruption!".
Why the hell would anyone care if a company that used to be run by Obama's son-in-law got a loan. From a bank. Do you think that means that he can just default and the debt is gone? I mean, do you seriously not know how loans work?
"Never attribute to malice that which can be explained by stupidity." - Hanlon's Razor
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That's the problem - the government owned Freddie Mac is owned b the government - and look who's minding the (treasury) store!. Basically, taxpayers are backing an $800M speculative loan. Perhaps you ought to look up the FSLIC fiasco - how taxpayers bailed out the real-estate speculators. Essentially, it lets them gamble and keep the profits - and if they lose - we pay the debt. So - for the Hump-controlled Freddie-Mac to give his son-in-law a huge loan like this is, at the very least, unsavory. And despite what Hump's thrall-supporters think, it's still NOT alright to use one's political office to make a profit. ANYONE else in the executive branch would be fired (by law!) for that practice.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
Freddie isnt Trump controlled, it is a government backed lender set up by Clinton to lend money to poor people. If it wants to lend to someone that is there choice, nothing to do with Trump.
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FDIC is not Freddy Mac. If it were, there would be no problem. But it's not - so there is. Simplified - one is an insurer against bank collapses (for depositors), the other is a financial institution involved in loan-making.[^]
Nathan Minier wrote:
Did you read the article, or just the headline?
I think you ought rethink your comments, above and below.* * if you support Hump, no matter what, you are free to not bother learning why the loan is yet another problem.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
The comparison is valid; it's about the relationship between the lenders and the federal entities, not about what they do. Unless you're claiming that banks do not make loans using the money deposited with them and insured to the consumer by the FDIC. The real difference between these 2 is whom the insurance coverage goes to: the FDIC is consumer-facing while Freddie Mac is business-facing. You have no idea what you're talking about on this one, Bal, and your TDS is showing. Like I said, shallow hatred.
"Never attribute to malice that which can be explained by stupidity." - Hanlon's Razor
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The comparison is valid; it's about the relationship between the lenders and the federal entities, not about what they do. Unless you're claiming that banks do not make loans using the money deposited with them and insured to the consumer by the FDIC. The real difference between these 2 is whom the insurance coverage goes to: the FDIC is consumer-facing while Freddie Mac is business-facing. You have no idea what you're talking about on this one, Bal, and your TDS is showing. Like I said, shallow hatred.
"Never attribute to malice that which can be explained by stupidity." - Hanlon's Razor
You don't seem to grasp that there's a world of difference between insuring depositors against bank failures and insuring banks against individual loan defaults. From your description, you thing these are somehow the same because of how you couch overlaps in their services (i.e., they both are insurance of sorts). They are quite fundamentally different concepts in who they protect and what they're protecting.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
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You don't seem to grasp that there's a world of difference between insuring depositors against bank failures and insuring banks against individual loan defaults. From your description, you thing these are somehow the same because of how you couch overlaps in their services (i.e., they both are insurance of sorts). They are quite fundamentally different concepts in who they protect and what they're protecting.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
Okay, and how does that change the fact that the market penetration of Freddie Mac with real estate lenders is comparable to the market penetration for consumer banks by the FDIC? I'll wait.
"Never attribute to malice that which can be explained by stupidity." - Hanlon's Razor
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Freddie isnt Trump controlled, it is a government backed lender set up by Clinton to lend money to poor people. If it wants to lend to someone that is there choice, nothing to do with Trump.
Look it up in the Wikipedia - it's been around. Why you attribute it to Clinton shall ever remain a mystery. Perhaps a knee-jerk reaction of some sort. Trump controls the executive branch - appoints the Secretary of Treasury. The treasury manages the nation's money. Similarly, he appoints the various cabinet posts that have to do with housing (which would have it's hands on the Federally managed loan guarantors). So - they all take their orders from the chief executive. And if you don't listen you get fired. Are you beginning to see the connection? More correctly stated, are you even willing to see the connection? As a staunch support of the Hump, I'd say the answer you'll give to both is "No".
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
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Look it up in the Wikipedia - it's been around. Why you attribute it to Clinton shall ever remain a mystery. Perhaps a knee-jerk reaction of some sort. Trump controls the executive branch - appoints the Secretary of Treasury. The treasury manages the nation's money. Similarly, he appoints the various cabinet posts that have to do with housing (which would have it's hands on the Federally managed loan guarantors). So - they all take their orders from the chief executive. And if you don't listen you get fired. Are you beginning to see the connection? More correctly stated, are you even willing to see the connection? As a staunch support of the Hump, I'd say the answer you'll give to both is "No".
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
I thought he started Fannie and Freddie? Anyway, it is irrelevant. They hand out loans. The fact they handed one to Trumps son doesnt mean anything. You are looking for a conspiracy where there isnt one. Why not assume that they thought it a good loan because his dad has loads of cash? Or that the building project has a lot of up side?
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I thought he started Fannie and Freddie? Anyway, it is irrelevant. They hand out loans. The fact they handed one to Trumps son doesnt mean anything. You are looking for a conspiracy where there isnt one. Why not assume that they thought it a good loan because his dad has loads of cash? Or that the building project has a lot of up side?
Munchies_Matt wrote:
Why not assume that they thought it a good loan because his dad has loads of cash?
That's inane - because "Dad" isn't required to cover his loans. Historically, "Dad-in-LaW" doesn't even pay his debts. The last I heard,the Kushner's aren't doing well - It is, sadly, possible to personally profit from these - but that makes him only a worse risk. And the Kushner's way of doing business[^] - as sleazy as Humps. Could there really be so many shady-looking deals going on with none of them being shady? Do you really believe he's not getting preferential treatment because of his connection to Hump? You'll believe what you want to believe - meanwhile, I have a great deal I can give you on a bridge in Brooklyn.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
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Eddy Vluggen wrote:
We are not the United States that the US are, nor will we ever be.
Apparently so - most of Europe is slipping back into the fascist frame of mind that is the hallmark of its history. I sure wish those Oceans were wider. So frequently you squeeze in an opportunity to criticize the US/it's citizens. The valid conclusion is that things must be really shit where you are and you love trying to pretend it's worse elsewhere. Who knows - perhaps you'll be even more bitter after you accept that truth. Judging from the tenor of the posts in an early food-fight (with Tonald J. Dump - in the main thread), you appear to fit right in with the various Euro-Goose-Stepper-Wanna-be's.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
W∴ Balboos wrote:
So frequently you squeeze in an opportunity to criticize the US/it's citizens
Ah, not meant to be directed at their citizens, nor their culture; I dislike the actions of the government, something that a lot of those citizens agree with. Same here, since I don't like our politicians either. They're often pushing some agenda, instead of being objective. As a dev, I'd expect them to list all options, and choose the best. Doesn't work that way.
W∴ Balboos wrote:
The valid conclusion is that things must be really sh*t where you are and you love trying to pretend it's worse elsewhere.
The European Union has been in crisis since it was implemented. We're not as unified as the Americans, we are not going to be a single block, and we are no superpower. Becoming one is dangerous even, as it would mean that the US might see us as "competition" somewhere down the line.
W∴ Balboos wrote:
Who knows - perhaps you'll be even more bitter after you accept that truth.
To accept, I would have to understand what you are saying.
W∴ Balboos wrote:
you appear to fit right in with the various Euro-Goose-Stepper-Wanna-be's.
Sounds poetic, but you almost always do. So, googled "goose stepping".
Urban dictionary wrote:
Someone who blindly follows a political or religious movement for the sake of nationalism or imposing their views onto others
Hehe, that made my day :D I often said, and will keep repeating, that you should doubt everything. Unless you can explain your position and why, it is indeed a blind choice. So no, not following anyone blindly, and I would be a bit offended if you accepted my words without being critical.
Bastard Programmer from Hell :suss: If you can't read my code, try converting it here[^] "If you just follow the bacon Eddy, wherever it leads you, then you won't have to think about politics." -- Some Bell.
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Munchies_Matt wrote:
Why not assume that they thought it a good loan because his dad has loads of cash?
That's inane - because "Dad" isn't required to cover his loans. Historically, "Dad-in-LaW" doesn't even pay his debts. The last I heard,the Kushner's aren't doing well - It is, sadly, possible to personally profit from these - but that makes him only a worse risk. And the Kushner's way of doing business[^] - as sleazy as Humps. Could there really be so many shady-looking deals going on with none of them being shady? Do you really believe he's not getting preferential treatment because of his connection to Hump? You'll believe what you want to believe - meanwhile, I have a great deal I can give you on a bridge in Brooklyn.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
Look, you dont know anything about this. You are grasping at straws and prepared to leap to the worst possible conclusion. How about calming down a bit, these firms make thousands of loans all the time, you have no evidence at all to suspect that they were forced to make a loan by Trump, to his son in law, or whatever the hell he is, I have never been able to work out who is and who isnt actually related to him.
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I thought he started Fannie and Freddie? Anyway, it is irrelevant. They hand out loans. The fact they handed one to Trumps son doesnt mean anything. You are looking for a conspiracy where there isnt one. Why not assume that they thought it a good loan because his dad has loads of cash? Or that the building project has a lot of up side?
Yeah, that's not what they do. Freddie Mac does not directly offer loans; instead they purchase loans that have been made by other businesses, and offer other services. Also, they've been around since Nixon, so no, they're not an Obama product. However. In the context of multi-family (rental property) loans, they're generally loan guarantors; meaning that they will take up the legal portion of debt collection if an individual defaults, for a fee. They are ubiquitous in the real estate loan industry; it would be difficult to find a lender that does not use Freddie Mac. That fact alone makes this article particularly stupid.
"Never attribute to malice that which can be explained by stupidity." - Hanlon's Razor
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Look, you dont know anything about this. You are grasping at straws and prepared to leap to the worst possible conclusion. How about calming down a bit, these firms make thousands of loans all the time, you have no evidence at all to suspect that they were forced to make a loan by Trump, to his son in law, or whatever the hell he is, I have never been able to work out who is and who isnt actually related to him.
Not fair! You made me do this!
Munchies_Matt wrote:
I have never been able to work out who is and who isnt actually related to him.
I can give you a summery - it should help: Joseph Stalin El Diablo All Bridge Trolls Justin Bieber &etc[^] And, from the unmistakable family resemblance when he stands smugly, with his arms folded, we'd be negligent to leave out Benito Mussolini
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
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Not fair! You made me do this!
Munchies_Matt wrote:
I have never been able to work out who is and who isnt actually related to him.
I can give you a summery - it should help: Joseph Stalin El Diablo All Bridge Trolls Justin Bieber &etc[^] And, from the unmistakable family resemblance when he stands smugly, with his arms folded, we'd be negligent to leave out Benito Mussolini
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
Look, you have TDS, get help.
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Yeah, that's not what they do. Freddie Mac does not directly offer loans; instead they purchase loans that have been made by other businesses, and offer other services. Also, they've been around since Nixon, so no, they're not an Obama product. However. In the context of multi-family (rental property) loans, they're generally loan guarantors; meaning that they will take up the legal portion of debt collection if an individual defaults, for a fee. They are ubiquitous in the real estate loan industry; it would be difficult to find a lender that does not use Freddie Mac. That fact alone makes this article particularly stupid.
"Never attribute to malice that which can be explained by stupidity." - Hanlon's Razor
Clinton is in the chain somewhere, read about it years back. For sure he is involved in Fannie and Freddie and sub prime loans. Anyway, if they are as ubiquitous as you say, yeah, not surprised they are involved somewhere.
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Look, you have TDS, get help.
As said by a product of "ED" - with an particular emphasis on extreme "D"
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
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That was one of your more pathetic replies - but it's the usual theme - when Hump and his gang of thieves do something, find some way to deflect and bring up the democrats. It all makes sense - people who have never grown up don't want a grownup to be president. They prefer the whining boy who's rapidly dragging this country into the third world.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
W∴ Balboos wrote:
who's rapidly dragging this country into the third world.
How?
Social Media - A platform that makes it easier for the crazies to find each other. Everyone is born right handed. Only the strongest overcome it. Fight for left-handed rights and hand equality.