Tea Party Rep: Bank Should Have Known I Wouldn't Be Able To Repay $2.2 Million Loan

[driveby]

So who's the hypocrite, this guy or the liberals that fabricated the term "predatory lending"?


C. Both

 

[Remodeling Maidiac]

Tea Party Rep: Bank Should Have Known I Wouldn't Be Able To Repay $2.2 Million Loan | TPMMuckraker

And in today's "I shit you not" news,

Tea Party aligned Georgia Rep. Tom Graves (R), who castigates Washington for fiscal irresponsibility, reached an out of court settlement Wednesday after he was sued for defaulting on a $2.2 million loan -- which his attorney argued is the bank's fault for lending him the money in the first place.

Graves and his business partner Chip Rogers -- who is the state Senate's Republican majority leader -- took out a $2.2 million loan from the Bartow County Bank in 2007 to buy and renovate a local motel. The project soon went belly-up.

The bank, which has since failed and had its assets taken over, sued Graves and Rogers for defaulting. The two Republicans then countersued, "accusing [the bank] of improperly declaring the loan in default after reneging on a promise to refinance it at more favorable terms," according to Jeremy Redmon and Aaron Gould Sheinin of the Atlanta Journal-Constitution .

I foresee Steve Buscemi in the role of Graves.

Merged

Kennedy once killed a woman
Clinton once got a blow job in his office then lied about it
A Dem congressman once got caught with a ton-o-cash in his freezer
Obama bribed senators to vote for his bill
A Dem poster has never once posted something that wasn't plagiarized from somewhere else


So..... whats your point?

 

[ABikerSailor]

Tea Party Rep: Bank Should Have Known I Wouldn't Be Able To Repay $2.2 Million Loan | TPMMuckraker

And in today's "I shit you not" news,

Tea Party aligned Georgia Rep. Tom Graves (R), who castigates Washington for fiscal irresponsibility, reached an out of court settlement Wednesday after he was sued for defaulting on a $2.2 million loan -- which his attorney argued is the bank's fault for lending him the money in the first place.

Graves and his business partner Chip Rogers -- who is the state Senate's Republican majority leader -- took out a $2.2 million loan from the Bartow County Bank in 2007 to buy and renovate a local motel. The project soon went belly-up.

The bank, which has since failed and had its assets taken over, sued Graves and Rogers for defaulting. The two Republicans then countersued, "accusing [the bank] of improperly declaring the loan in default after reneging on a promise to refinance it at more favorable terms," according to Jeremy Redmon and Aaron Gould Sheinin of the Atlanta Journal-Constitution .

I foresee Steve Buscemi in the role of Graves.

The party of personal responsibility and fiscal conservatives.

Priceless, Thanks for the post.

Not only are tea baggers deadbeats when it comes to financial deals, but in the case of Joe Walsh, another tea bagger is a deadbeat dad as well...........

Illinois Rep. Joe Walsh, a rising star in the Tea Party movement best known for his blistering lectures of President Obama for "spending like a drunken sailor," is now being peppered with questions about his own financial responsibility after reports surfaced that he's being sued for more than $100,000 in unpaid child support.

Experts say whatever political star power the 49-year-old Republican previously emanated has been dimmed, if not extinguished, because for at least the immediate future it will be impossible for him to talk about anything other than his personal problems.

"Whenever he wants to go out and talk about the debt limit, they are going to want to talk about whether (he) is a deadbeat dad," said Kent Redfield, a professor emeritus of politics at the University of Illinois-Springfield. "His individual problems become the story and he never gets to another issue."



Read more: Tea Party Lawmaker Questioned After Reports of Unpaid Child Support - FoxNews.com

Tea Party Lawmaker Questioned After Reports of Unpaid Child Support - FoxNews.com

And yeah...........it's on FAUX Nooze as well.

 

[Mr. Peepers]

fabricated the term "predatory lending"

Um, that very much exists and certainly has nothing to do with "liberals"...
5 Examples of Predatory Lending

 

[uscitizen]

Tea Party Rep: Bank Should Have Known I Wouldn't Be Able To Repay $2.2 Million Loan | TPMMuckraker

And in today's "I shit you not" news,



I foresee Steve Buscemi in the role of Graves.

The party of personal responsibility and fiscal conservatives.

Priceless, Thanks for the post.

Not only are tea baggers deadbeats when it comes to financial deals, but in the case of Joe Walsh, another tea bagger is a deadbeat dad as well...........

Illinois Rep. Joe Walsh, a rising star in the Tea Party movement best known for his blistering lectures of President Obama for "spending like a drunken sailor," is now being peppered with questions about his own financial responsibility after reports surfaced that he's being sued for more than $100,000 in unpaid child support.

Experts say whatever political star power the 49-year-old Republican previously emanated has been dimmed, if not extinguished, because for at least the immediate future it will be impossible for him to talk about anything other than his personal problems.

"Whenever he wants to go out and talk about the debt limit, they are going to want to talk about whether (he) is a deadbeat dad," said Kent Redfield, a professor emeritus of politics at the University of Illinois-Springfield. "His individual problems become the story and he never gets to another issue."



Read more: Tea Party Lawmaker Questioned After Reports of Unpaid Child Support - FoxNews.com

Tea Party Lawmaker Questioned After Reports of Unpaid Child Support - FoxNews.com

And yeah...........it's on FAUX Nooze as well.

Joe Walsch??? No way! That must be a huffypo link. ohh my Faux news.....

 

[imbalance]

The party of personal responsibility and fiscal conservatives.

Priceless, Thanks for the post.

Filing as a LLC was the fiscally responsible move. I understand that not everyone is familiar with business finance but what exactly do people think limited liability means?

It really says something about the media's opinion of liberal intelligence these days that outlets consistently deliver such laughable disinformation like this because they simply don't expect liberal America could recognize the obvious factual ridiculousness of articles like this.

 

[Leweman]

What a dirt bag. Its as bad as advocating higher taxes and then not paying them. Awful.

 

[Leweman]

The party of personal responsibility and fiscal conservatives.

Priceless, Thanks for the post.

Filing as a LLC was the fiscally responsible move. I understand that not everyone is familiar with business finance but what exactly do people think limited liability means?

It really says something about the media's opinion of liberal intelligence these days that outlets consistently deliver such laughable disinformation like this because they simply don't expect liberal America could recognize the obvious factual ridiculousness of articles like this.

Liberals don't like to dig deep and get to the specifics of any topic. They like blanket statements without looking at details or individual situations. Like that Red states get more federal money than blue states. They have no intellectual curiousity to dig deeper because what they find is not good for their cause.

 

[WillowTree]

Tea Party Rep: Bank Should Have Known I Wouldn't Be Able To Repay $2.2 Million Loan | TPMMuckraker

And in today's "I shit you not" news,

Tea Party aligned Georgia Rep. Tom Graves (R), who castigates Washington for fiscal irresponsibility, reached an out of court settlement Wednesday after he was sued for defaulting on a $2.2 million loan -- which his attorney argued is the bank's fault for lending him the money in the first place.

Graves and his business partner Chip Rogers -- who is the state Senate's Republican majority leader -- took out a $2.2 million loan from the Bartow County Bank in 2007 to buy and renovate a local motel. The project soon went belly-up.

The bank, which has since failed and had its assets taken over, sued Graves and Rogers for defaulting. The two Republicans then countersued, "accusing [the bank] of improperly declaring the loan in default after reneging on a promise to refinance it at more favorable terms," according to Jeremy Redmon and Aaron Gould Sheinin of the Atlanta Journal-Constitution .

I foresee Steve Buscemi in the role of Graves.

Merged

Voters Still Express More Confidence in Tea Party Than in Congress - Rasmussen Reports™

 

[Ravi]

The party of personal responsibility and fiscal conservatives.

Priceless, Thanks for the post.

Filing as a LLC was the fiscally responsible move. I understand that not everyone is familiar with business finance but what exactly do people think limited liability means?

It really says something about the media's opinion of liberal intelligence these days that outlets consistently deliver such laughable disinformation like this because they simply don't expect liberal America could recognize the obvious factual ridiculousness of articles like this.

I get what you're saying. If you can legally default on your loans, then it is okay! As long as you're a republican that preaches personal responsibility.

 

[driveby]

The party of personal responsibility and fiscal conservatives.

Priceless, Thanks for the post.

Filing as a LLC was the fiscally responsible move. I understand that not everyone is familiar with business finance but what exactly do people think limited liability means?

It really says something about the media's opinion of liberal intelligence these days that outlets consistently deliver such laughable disinformation like this because they simply don't expect liberal America could recognize the obvious factual ridiculousness of articles like this.

You're too late, the moonbats have already creamed all over themselves.....

 

[WillowTree]

The party of personal responsibility and fiscal conservatives.

Priceless, Thanks for the post.

Filing as a LLC was the fiscally responsible move. I understand that not everyone is familiar with business finance but what exactly do people think limited liability means?

It really says something about the media's opinion of liberal intelligence these days that outlets consistently deliver such laughable disinformation like this because they simply don't expect liberal America could recognize the obvious factual ridiculousness of articles like this.

You're too late, the moonbats have already creamed all over themselves.....

moonbats don't know how to make cream. they izzzz dumb.


Voters Still Express More Confidence in Tea Party Than in Congress - Rasmussen Reports™

 

[ABikerSailor]

Filing as a LLC was the fiscally responsible move. I understand that not everyone is familiar with business finance but what exactly do people think limited liability means?

It really says something about the media's opinion of liberal intelligence these days that outlets consistently deliver such laughable disinformation like this because they simply don't expect liberal America could recognize the obvious factual ridiculousness of articles like this.

You're too late, the moonbats have already creamed all over themselves.....

moonbats don't know how to make cream. they izzzz dumb.


Voters Still Express More Confidence in Tea Party Than in Congress - Rasmussen Reports™

Hey Shallow Skeeve, you soggy fucking pussy, it's a sexual reference to orgasms.

But then again, what else do you expect from tea baggers? They didn't know the name they picked FOR THEMSELVES was a sexual reference either.

 

[kaz]

Tea Party aligned Georgia Rep. Tom Graves (R), who castigates Washington for fiscal irresponsibility, reached an out of court settlement Wednesday after he was sued for defaulting on a $2.2 million loan -- which his attorney argued is the bank's fault for lending him the money in the first place.

Tea Party Rep: Bank Should Have Known I Wouldn't Be Able To Repay $2.2 Million Loan | TPMMuckraker

Bill Clinton sexually harassed a democratic activist in the white house, you're the party of women's rights?

Tom Daschle (Senate Majority leader) and Charles Rangle head of the tax writing committees cheated massively on their taxes, and you're the party that things we need to pay our share?

Hillary Clinton made an ethinic joke about Indian stereotypes that Ghandi worked in a gas station in Saint Louis and talked to a black audience in a southern negro drawl and you're the party of black civil rights?

Those you're silent about. But a Tea Partier who's not a leader of anything says this and you're all over it. You REEK of hypocrisy, girl friend.

 

[Mustang]

Should we pass the hat around for ol' Tom?

Naw, he would probably keep the hat and say that we should have known better than to give him the hat full of money in the first place.

 

[daveman]

Tea Party Rep: Bank Should Have Known I Wouldn't Be Able To Repay $2.2 Million Loan | TPMMuckraker

And in today's "I shit you not" news,

Tea Party aligned Georgia Rep. Tom Graves (R), who castigates Washington for fiscal irresponsibility, reached an out of court settlement Wednesday after he was sued for defaulting on a $2.2 million loan -- which his attorney argued is the bank's fault for lending him the money in the first place.

Graves and his business partner Chip Rogers -- who is the state Senate's Republican majority leader -- took out a $2.2 million loan from the Bartow County Bank in 2007 to buy and renovate a local motel. The project soon went belly-up.

The bank, which has since failed and had its assets taken over, sued Graves and Rogers for defaulting. The two Republicans then countersued, "accusing [the bank] of improperly declaring the loan in default after reneging on a promise to refinance it at more favorable terms," according to Jeremy Redmon and Aaron Gould Sheinin of the Atlanta Journal-Constitution .

I foresee Steve Buscemi in the role of Graves.

Thanks for demonstrating how little you know about doing business in the real world. I'll make it simple for you. The purpose of forming a Limited Liability Company is to have limited liability, primarily in the case of default because you know you don't have the personal assets needed to collateralize a secured loan. If a bank completes its due dilligence and decides to issue a business loan to a LLC knowing full well the loan can't and isn't expected to be secured by the borrower's personal assets, the bank can't now go back in time and secure the loan with make believe collateral who's nonexistence was the whole point of taking out the loan in the first place.

Hey! No fair throwing facts and stuff into a perfectly good Two Minutes Hate!

 

[daveman]

Tea Party Rep: Bank Should Have Known I Wouldn't Be Able To Repay $2.2 Million Loan | TPMMuckraker

And in today's "I shit you not" news,



I foresee Steve Buscemi in the role of Graves.

Thanks for demonstrating how little you know about doing business in the real world. I'll make it simple for you. The purpose of forming a Limited Liability Company is to have limited liability, primarily in the case of default because you know you don't have the personal assets needed to collateralize a secured loan. If a bank completes its due dilligence and decides to issue a business loan to a LLC knowing full well the loan can't and isn't expected to be secured by the borrower's personal assets, the bank can't now go back in time and secure the loan with make believe collateral who's nonexistence was the whole point of taking out the loan in the first place.

It doesn't matter. This is the party that holds themselves up as the party of personal responsibility. Instead they take out a loan they "know" they can't repay, default, and cost the taxpayers $100,000 to remove the now dangerous building.

You'd be calling for the heads of any mortgagee that got underwater and had to default and you know it.

This idiot should be run out of town on a rail and never be allowed to make decisions on taxpayer money.

You mean like Barney Frank?

 

[kaz]

It doesn't matter. This is the party that holds themselves up as the party of personal responsibility. Instead they take out a loan they "know" they can't repay, default, and cost the taxpayers $100,000 to remove the now dangerous building.

You'd be calling for the heads of any mortgagee that got underwater and had to default and you know it.

This idiot should be run out of town on a rail and never be allowed to make decisions on taxpayer money.

You mean like Barney Frank?

Some of the things liberals say are just stunning how they have absolutely no ability to recognize their own hypocrisy. The hypocrisy is just so flagrant at times I think it has to be in jest, but it isn't.

 

[Intense]

Tea Party Rep: Bank Should Have Known I Wouldn't Be Able To Repay $2.2 Million Loan | TPMMuckraker

And in today's "I shit you not" news,



I foresee Steve Buscemi in the role of Graves.

Thanks for demonstrating how little you know about doing business in the real world. I'll make it simple for you. The purpose of forming a Limited Liability Company is to have limited liability, primarily in the case of default because you know you don't have the personal assets needed to collateralize a secured loan. If a bank completes its due dilligence and decides to issue a business loan to a LLC knowing full well the loan can't and isn't expected to be secured by the borrower's personal assets, the bank can't now go back in time and secure the loan with make believe collateral who's nonexistence was the whole point of taking out the loan in the first place.

It doesn't matter. This is the party that holds themselves up as the party of personal responsibility. Instead they take out a loan they "know" they can't repay, default, and cost the taxpayers $100,000 to remove the now dangerous building.

You'd be calling for the heads of any mortgagee that got underwater and had to default and you know it.

This idiot should be run out of town on a rail and never be allowed to make decisions on taxpayer money.

That's like saying that because Barney likes to take it a certain way sexually, all Democrats must like to take it that way too. Absurd comparison. You make a point and connect dots that aren't there. Do the Trolls here do Birthday Parties?

 

[Ravi]

Thanks for demonstrating how little you know about doing business in the real world. I'll make it simple for you. The purpose of forming a Limited Liability Company is to have limited liability, primarily in the case of default because you know you don't have the personal assets needed to collateralize a secured loan. If a bank completes its due dilligence and decides to issue a business loan to a LLC knowing full well the loan can't and isn't expected to be secured by the borrower's personal assets, the bank can't now go back in time and secure the loan with make believe collateral who's nonexistence was the whole point of taking out the loan in the first place.

It doesn't matter. This is the party that holds themselves up as the party of personal responsibility. Instead they take out a loan they "know" they can't repay, default, and cost the taxpayers $100,000 to remove the now dangerous building.

You'd be calling for the heads of any mortgagee that got underwater and had to default and you know it.

This idiot should be run out of town on a rail and never be allowed to make decisions on taxpayer money.

That's like saying that because Barney likes to take it a certain way sexually, all Democrats must like to take it that way too. Absurd comparison. You make a point and connect dots that aren't there. Do the Trolls here do Birthday Parties?

I'm not the one defending this guy. That would be your side.