http://www.newsmax.com/archives/articles/2007/6/4/210922.shtml
This is rich:
Dear Derek;
Other news articles on the same story have Pelosi being paid by both
organizations for his work at both jobs. No part-time work for him -
it's double full-time to get paid full-time by both. 24 hours in a
day don't mean nothing to Pelosi he works 48 hours a day.
Yep it's tru he gets full pay from both jobs. And that's nice work
if you can get it.
Ron Getty
SF Libertarian
--- In lpsf-discuss@yahoogroups.com, "Derek Jensen" <derekj72@...>
wrote:
Ron:
True, but I don't judge that aspect of Pelosi's employment. It's a
private matter between him and his employers.
-Derek
--- In lpsf-discuss@yahoogroups.com, "tradergroupe"
<tradergroupe@...> wrote:
Dear Derek;
Other news articles on the same story have Pelosi being paid by
both
organizations for his work at both jobs. No part-time work for him -
it's double full-time to get paid full-time by both. 24 hours in a
day don't mean nothing to Pelosi he works 48 hours a day.Yep it's tru he gets full pay from both jobs. And that's nice work
if you can get it.Ron Getty
SF Libertarian--- In lpsf-discuss@yahoogroups.com, "Derek Jensen" <derekj72@>
wrote:
>
> This is rich:
>
> ---------------
> Pelosi denied the suggestion he is being used because of his
family
> ties.
>
> "I don't think that's really what happens," he said.
> ---------------
>
> Going from an investment banker to being a "home loan officer" is
a
No kidding. But perhaps being a home loan officer provides good cover for being in a position to accept political payments in the form of lucrative commissions on loans taken out by people who don't really need them:
"Paul Pelosi said he met Gupta about three years ago when the businessman refinanced a $3 million Countrywide loan on one of his more than half a dozen homes."
I guess this shrewd businessman Vinod Gupta who built a $434 million company and has the money to spend on Carribean yachts, corporate jets, and sleeping in the White House just couldn't manage his cash flow well enough to avoid having to take out a home loan.
Love & Liberty,
<<< starchild >>>
Starchild:
Rates were so incredibly low on mortgages that even if you have cash
many times over to pay for a house, it could definitely still make
sense to take out a mortgage for tax arbitrage purposes. (meaning
the after-tax interest rate on the note is much lower than your
expected return in investing in other vehicles)
This is one of the ways that the Fed inflates the credit bubble.
It's a massive transfer of wealth from creditors to debtors.
-Derek
No kidding. But perhaps being a home loan officer provides
good
cover for being in a position to accept political payments in the
form of lucrative commissions on loans taken out by people who
don't
really need them:
"Paul Pelosi said he met Gupta about three years ago when the
businessman refinanced a $3 million Countrywide loan on one of his
more than half a dozen homes."I guess this shrewd businessman Vinod Gupta who built a $434
million
company and has the money to spend on Carribean yachts, corporate
jets, and sleeping in the White House just couldn't manage his
cash
flow well enough to avoid having to take out a home loan.
Love & Liberty,
<<< starchild >>>> This is rich:
>
> ---------------
> Pelosi denied the suggestion he is being used because of his
family
> ties.
>
> "I don't think that's really what happens," he said.
> ---------------
>
> Going from an investment banker to being a "home loan officer" is
a
Derek,
You may be right that there is an innocent explanation in this case. But I still wonder what transpires in the office of Paul Pelosi, home loan officer.
<<< starchild >>>
You and me both.
Derek,
You may be right that there is an innocent explanation in
this case.
But I still wonder what transpires in the office of Paul Pelosi,
home
loan officer.
<<< starchild >>>
> Starchild:
>
> Rates were so incredibly low on mortgages that even if you have
cash
> many times over to pay for a house, it could definitely still make
> sense to take out a mortgage for tax arbitrage purposes. (meaning
> the after-tax interest rate on the note is much lower than your
> expected return in investing in other vehicles)
>
> This is one of the ways that the Fed inflates the credit bubble.
> It's a massive transfer of wealth from creditors to debtors.
>
> -Derek
>
> >
> > No kidding. But perhaps being a home loan officer provides
> good
> > cover for being in a position to accept political payments in
the
> > form of lucrative commissions on loans taken out by people who
> don't
> > really need them:
> >
> > "Paul Pelosi said he met Gupta about three years ago when the
> > businessman refinanced a $3 million Countrywide loan on one of
his
> > more than half a dozen homes."
> >
> > I guess this shrewd businessman Vinod Gupta who built a $434
> million
> > company and has the money to spend on Carribean yachts,
corporate
> > jets, and sleeping in the White House just couldn't manage his
> cash
> > flow well enough to avoid having to take out a home loan.
> >
> > Love & Liberty,
> > <<< starchild >>>
> >
> >
> >
> > > This is rich:
> > >
> > > ---------------
> > > Pelosi denied the suggestion he is being used because of his
> family
> > > ties.
> > >
> > > "I don't think that's really what happens," he said.
> > > ---------------
> > >
> > > Going from an investment banker to being a "home loan
officer" is
> a
> > > major step down. Maybe the article should refer to him "failed
> > > investment banker Paul Pelosi Jr."
> > >
> > > -Derek
> > >
> > > --- In lpsf-discuss@yahoogroups.com, "Acree, Michael"
<acreem@>
> > > wrote:
> > > >
> > > >
http://www.newsmax.com/archives/articles/2007/6/4/210922.shtml