I guess anyone can have $100,000 wiped off their mortgage, even if they’re not a Republican rep

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by David Safier

I guess it could happen to anyone. Republican Rep. Carl Seel had his home mortgage reduced by $100,000. The term of art is "principle reduction loan modification." That's more than 50% of the principle he owed. See,he was facing foreclosure, so the bank just did . . . what . . . it . . . would . . . do . . . for . . . anyone.

Right?

Carl Seel swears it had nothing to do with his dropping an amendment he planned to offer to hold banks accountable during foreclosure negotiations, which would have helped people like himself who are facing foreclosure. Nope, no connection between having $100,000 cut from a home loan and his decision to be nice to banks.

Watch the story on KPHO. Unfortunately, I doesn't seem to have a way for me to stream it here. But it's worth the trip to KPHO's website.

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2 thoughts on “I guess anyone can have $100,000 wiped off their mortgage, even if they’re not a Republican rep”

  1. Yes.Isn’t it “amusing” the way the “conservatives” claim to hate “big govt.”, yet that’s ALL they inject into everyone else’s lives. The Teabaggers seem to want NO govt…and “freedom”.Really? If they hate govt. so much, why the HELL has Ron Paul been in congress/govt. for 30+ years getting everything paid for by US?Oh, I know…that “govt he hates so much” is fine for him, but everyone else should hate it.I get it.Morons.

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