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Waters and Brown calling out ASC. Questioning the granted ND appraisal waiver

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Everyone should be supportive of the rule of law.
 
What is your point, George?
Yes, it beats rule by fiat.
Oh....
 
The whole point of contention with the current interpretation of C&R is that the FRB deliberately inserted a loophole that could be used to thwart the whole intent of the C&R reference in D-F. The point of contention with the waivers is that the reasons being cited in support of the waivers are based on an error in fact - that there aren't enough appraisers in those areas. If SFR appraisals in ND were getting assigned at $1k each then there's little question that licensees would come in from out of state to do those assignments. It's not a case of "not enough appraisers", it's a case of "not enough appraisers willing to work for $10/hr".

Issuing the waiver ensures the fees won't go up enough to incentivize training or importing more qualified appraisers. Issuing the waiver based on facts that are in error is not an example of the fair application of the law.
 
The King had rules of law too. See what happen to him. Spin the past all you want. But the govbemint (Us) bailout the big broke banksters. True Story.
 
Eli said:
Where can I donate to her cause? I’m sure she will tell me.
Click to expand...

Why don't you buy her a pie?

Notice they do not care about Fannie waivers. my oh my.
 
They might care if it was brought to their attention.
 
They know where and how to sweep Fannie's profits. Maybe they are just in over their heads.
 
Eli said:
Where can I donate to her cause? I’m sure she will tell me.
Click to expand...

But there are six stragglers: banks that still, after a decade, have neither gone under nor paid the money back. The largest of those is OneUnited Bank, which received $12 million way back in 2008.

It’s not the first time that OneUnited has stood out. For a small bank, OneUnited has had remarkable pull in Washington: In 2008, Barney Frank, then the most powerful Democrat in the House on banking issues, said that he wrote a provision into the bailout bill to ensure the bank was rescued. (The bank is based in Massachusetts, Frank’s home state.) Rep. Maxine Waters, D-Calif., later faced ethics charges alleging that she had interceded on the bank’s behalf with Treasury Department officials — a potential violation because her husband held stock in the bank and had formerly been a board member. Waters was subsequently cleared of those charges.

In one respect, the rescue clearly worked. OneUnited, which claims to be the country’s largest black-owned bank, is still around. But the status of its TARP investment gives reason for worry. The bank was supposed to be making dividend payments, but it hasn’t made one since 2009. It owes $8.7 million in unpaid dividends on top of the $12 million in principal.

We asked the bank if it had a plan to repay the TARP money. The bank responded with a statement: “OneUnited Bank is in full compliance with its obligations to the U.S. Department of Treasury and continues to be committed to repaying TARP.”

www.propublica.org

The Bailout Was 11 Years Ago. We’re Still Tracking Every Penny.

Over a decade ago, we started a database to track TARP, the 2008 bailout of the financial system. It turns out bailouts are forever, and we’re still updating the damn thing. So, recently, we decided to give it a makeover.
www.propublica.org www.propublica.org

Make it payable to the 'united states treasury'. :rof: :rof: :rof:
 
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