2016 Postmortem
Related: About this forumI've been reading about Jane Sanders and that college...
Thank God the Clintons never got involved in real estate deals.....
BWAHAHAHAHAHA!!!!!!!!!!!
DURHAM D
(32,617 posts)Too bad the school was the big loser.
HooptieWagon
(17,064 posts)She ran it by the Board of Directors, who approved it. It was a real estate deal that went bad when the market collapsed. Bad decision in retrospect, but nothing illegal. Jane received her salary, not proceeds from the deal.
Demsrule86
(68,788 posts)It is against the law to lie on mortgage documents. You can be sent to Camp Fed.
Response to Demsrule86 (Reply #4)
TM99 This message was self-deleted by its author.
DURHAM D
(32,617 posts)as well as the lender.
Hortensis
(58,785 posts)go after Bernie Sanders for lying to and betraying his followers, and the Democratic Party whose door was wide open for him to enter.
sheshe2
(84,057 posts)George II
(67,782 posts)...what made the deal go bad was the inability of the college to continue payments.
We don't know that Jane received no proceeds from the deal, she's refused to release their tax returns.
HooptieWagon
(17,064 posts)That tends to happen in a recession, as you would know if you had any non-profit experience.
George II
(67,782 posts)....market was recovering and the recession was over. Besides, if we were mired in an recession it was irresponsible (or very poor judgement) to incur such debt.
https://en.wikipedia.org/wiki/Great_Recession
Demsrule86
(68,788 posts)Jane lost money and it was not even her own! It was pointed out to me (thanks) that I was thinking of a different right wing attack...my bad.
DURHAM D
(32,617 posts)Demsrule86
(68,788 posts)so many rightwing bullshit scandals so little time! Thanks.
TCJ70
(4,387 posts)...where she made $100,000 on a $1,000 investment.
I think that took less than a year.
bahrbearian
(13,466 posts)RobertEarl
(13,685 posts)Used earthquake donation money for that luxury hotel in Haiti.
Mnpaul
(3,655 posts)They bought 33 acres of lakefront property(with buildings) from a church for 10 million. They sold 25 of those acres(no buildings) for 7.3 million. They retain the remaining 8 acres and the buildings
Now to Whitewater
They bought 200 acres(subsidized by a S+L bank), when the bank faced insolvency, Bill appointed a new commissioner(from the law firm representing the bank) to keep them from being shut down. Hillary's law firm came up with solutions to save the bank. The Clintons cheated the IRS by claiming interest payments that they didn't make. 15 people were indicted for 40 crimes. The wife of the bank owner(who fundraised for Bill) served 18 months in prison for contempt of court and was pardoned by Bill Clinton.
Yeah, probably not a good idea to bring up land deals.