You wonder why the US is in the mess it is with the economy, the housing market, etc? There are plenty of people to point fingers at, that’s for sure. I have one in particular that needs to be singled out. Rep. Laura Richardson. This lady is the poster child for what’s wrong with our country, a model for poor ethics and one of entitlement.
No surprise that the bail out housing bill has been passed. In fact look at the voting for CA in the house:
CALIFORNIA: Democrats -- Baca, Y; Becerra, Y; Berman, Y; Capps, Y; Cardoza, Y; Costa, Y; Davis, Y; Eshoo, Y; Farr, Y; Filner, Y; Harman, Y; Honda, Y; Lee, Y; Lofgren, Zoe, Y; Matsui, Y; McNerney, Y; Miller, George, Y; Napolitano, Y; Pelosi, Y; Richardson, Y; Roybal-Allard, Y; Sanchez, Linda T., Y; Sanchez, Loretta, Y; Schiff, Y; Sherman, Y; Solis, Y; Speier, Y; Stark, Y; Tauscher, Y; Thompson, Y; Waters, Y; Watson, Y; Waxman, Y; Woolsey, Y.
Republicans -- Bilbray, N; Bono Mack, Y; Calvert, Y; Campbell, Y; Doolittle, N; Dreier, Y; Gallegly, Y; Herger, N; Hunter, Y; Issa, N; Lewis, Y; Lungren, Daniel E., Y; McCarthy, N; McKeon, Y; Miller, Gary, Y; Nunes, N; Radanovich, N; Rohrabacher, N; Royce, N.
That’s right, every damn Democrat voted for it especially Richardson which I’ll get to in a minute. The Republicans aren’t much better though there are a few that have the cojones to step up and vote against it. I’ll remember this when these people run for reelection next time and I hope you will too.
Nothing says abuse the system more as a Congresswoman that has at least seven defaults on two other houses she owns and one foreclosure with special treatment.
Read the article from the Press Telegram:
http://www.presstelegram.com/news/ci_10002817
Richardson lost her house to foreclosure only to have WaMu rescind the sale after the new owner poured some money into it to fix it up. Preferential treatment to a Congress person? Umm..Yeah.. Evidently the new owner thought so also and sued. Bottom line: There was a settlement and Richardson ends up getting the house back with a new mortgage (with more favorable terms, you think?). Best of all, her foreclosure is wiped off her credit history. Can somebody, anybody tell me of one other person that has gotten that treatment from a bank. Please..E-mail me and tell me.
At least she should have abstained from voting on this bill.
I don’t think this bailout bill will help people from CA for the most part because of the huge hits the banks will have to take. (And I’m glad..Let the market fall on these homes!).
You wonder why the US is trillions in debt, there you go. Representatives that can’t keep their own fiscal house in order making decisions that affect billions of dollars.
Do you really think the presidential election will make much of a difference?
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