ObaMao asked:


Anyone looking closely at the Sandler’s dealings just prior to the sale of their World Savings to Wachovia can see an irregular pattern of sudden selling of mortgages to a significant amount of people who clearly could not afford them:

http://www.cbsnews.com/stories/2009/02/13/60minutes/main4801309.shtml

The sale netted the Sandlers $2.3 Billion and led to a complete collapse of Wachovia, once the poor mortgages that the Sandlers improperly made became delinquent, shortly after the sale.

What are the chances that BARACK OBAMA and ERIC HOLDER will properly investigate this, given the SANDLER’s status as Sugar Daddies of the Democratic Party!???

http://www.pittsburghlive.com/x/pittsburghtrib/opinion/columnists/s_612742.html
http://emac.blogs.foxbusiness.com/2009/02/13/inside-the-head-of-a-bank-ceo/

Pauline

One Response to “Did HERB & MARION SANDLER direct their mortage agents to make several bad loans since they were trying to sell?”

1. eskie lover on March 9th, 2010 6:45 pm

   James

   Evidently the expose segment on sunday night about the Sandler’s dealings has prompted several investigations regarding the pattern of predatory lending practiced in the months before they sold out to Wachovia. None the least of them is being conducted by Wachovia itself, but also by the SEC because it suspects fraud in the terms of the sale.

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