I know, folks... I'm beating a dead horse.
Or... so... I'm... told.
Well, if so, it's only my own time I'm wasting; only my
own ulcer I'm working on!
Here in my state (New York) and my county (Orange)
there's little difference between the Republican and Democrat Parties. Both are
corrupt to the bone. Both are controlled by party bosses and both count as
members - and elected officials - men and women who in a sane reality would be serving
prison sentences.
All this said... nationwide... I have not one doubt that
by and large the Democrat Party is far more corrupt than the GOP.
Folks... we're talking third world levels of corruption
in many cases.
Folks... in this stand-alone newsbite we're talking our
nation's capital.
Friends... readers... for God's sake... LOOK WHAT HAPPENS
WHEN DEMOCRATS WIELD ABSOLUTE POWER...?!?!
* * *
* * *
* HAT TIP MICHELLE ZORNES
The District of Columbia government has failed to collect
tens of millions of dollars on dozens of delinquent loans, most of them
intended to boost the city’s stock of affordable housing, city records show.
The dozens of delinquencies lingering on city books span
multiple mayoral administrations and have accumulated over the years with
little or no oversight from mayors or D.C. Council members. Two of the loans
are held by groups with deep political connections in the city.
* FYI - ULTIMATELY CONGRESS IS RESPONSIBLE FOR THE
DISTRICT. THEY HAVE THE ULTIMATE POWER VIA THE CONSTITUTION.
One loan is in the name of a corporation controlled by
H.R. Crawford, a former D.C. Council member.
* SINCE THE WASHINGTON POST ISN'T IDENTIFYING CRAWFORD AS
A REPUBLICAN... I'M ASSUMING HE'S A DEMOCRAT.
(*SNICKER*)
Another loan was first issued more than 13 years ago to a
non-profit group when it was led by Mayor Vincent C. Gray’s current deputy
mayor for health and human services.
* ANOTHER DEMOCRAT.
Not a single payment has been made on that loan.
The note is 166 months past due, with outstanding
principal and interest payments totaling more than $1.3 million.
* FOLKS... WHAT'S IT GONNA TAKE...?
Loan records detailing the delinquencies were obtained by
The Washington Post under a series of Freedom of Information Act requests. They
show that, across the District, 7% of more than 600 apartment buildings backed
with city funds have defaulted on their loans.
* HOW'S THIS COMPARE TO PRIVATE LOANS?
Across the District, 43 loans to purchase or renovate
low-income apartment buildings or to build up non-profits that serve the poor
are in serious financial distress.
* NO DOUBT THE FOLKS RUNNING THE TAXPAYER-MONEY-BLEEDING
"NON-PROFITS" ARE THEMSELVES - AS INDIVIDUALS - PROFITING HANDSOMELY
IN TERMS OF PAY, PERKS, BONUSES, RETIREMENT CONTRIBUTIONS, ETC.
The outstanding loans have a combined principal balance
of nearly $38 million; more than $7 million in payments are at least 90 days
past due.
* FOLKS... WE NEED TO BRING BACK DEBTORS PRISONS. THAT
AND CORPORAL PUNISHMENT.
Yet, as of last week, Department of Housing and Community
Development records show that 32 of the loan recipients were listed as having
received no more than a warning letter about their defaults - including two
that have never once made a payment.
* NICE TO BE A DEMOCRAT INSIDER, HUH...?
Marcus Williams, a DHCD spokesman, said that confronting
delinquent loans became an agency priority in 2012 and that the city completed
a review of all loans last year. The administration has since hired a
contractor to set up payment plans for many...
* A CONTRACTOR? HOW'BOUT THE PEOPLE WHOSE JOB IT IS TO
HANDLE THIS THEMSELVES; THE AGENCY EMPLOYEES ON THE PAYROLL...?!?!
Park Southern became a focus of city and federal scrutiny
over the summer after a Washington Post report detailed its dilapidated
condition and the owner’s default on a $3 million city-backed loan.
* WHO WAS THE OWNER? WAS THE OWNER "CONNECTED?"
IF SO... HOW? HAS THIS INDIVIDUAL (OR GROUP) FACED ANY CONSEQUENCES?
PERSONALLY?
Council member Muriel E. Bowser (Ward 4), the Democratic
nominee for D.C. mayor, who chairs the council committee that has oversight of
housing issues, said the administration had never revealed figures on defaults
to her committee.
* DID SHE EVER ASK? DID SHE EVER DEMAND - ISSUE A SUBPOENA...?!?!
(*SMIRK*)
She said that if elected, she would make sure that the
properties with outstanding loans remain viable as housing or other services to
the poor, even if that means forgiving many of the unpaid loans.
* WHAT THE HELL - IT'S NOT HER MONEY! (AND NO DOUBT A
FAIR NUMBER OF THE SCOFFLAWS ARE FRIENDS AND ASSOCIATES OF HERS!)
“I think if the intention is not to collect, then they
should probably be classified as [grants] or forgiven, and there should be some
clear criteria for forgiveness,” Bowser said. “The bottom line is the
government’s interest is in maintaining affordable housing . . . not in being a
lender.”
* THE GOVERNMENT'S INTEREST IS IN PROTECTING THE
TAXPAYERS! THE MARKET WILL CREATE AFFORDABLE HOUSING IF GIVEN THE CHANCE!
Mayoral candidate and D.C. Council member David A.
Catania (I-At Large) said that tenants of buildings with unpaid loans or co-ops
should not get stuck with millions in overdue bills, but he added that
companies and executives must be held accountable for loans that have gone
unpaid. He blasted Bowser’s oversight of housing issues for letting the problem
fester, saying that if she had held a hearing on Park Southern Apartments, the
larger number of defaults might have come to light earlier. “She has been
missing in action for the 18 months she has been running for mayor.”
The non-profit corporation that owns Park Southern was
$630,000 and more than 36 months behind on its payments when the city took the
rare step of initiating foreclosure proceedings in April. It was also run by
politically connected Democrats in Ward 8 who had recently switched their
allegiance from Gray to Bowser — and had helped draw out voters for Bowser for
the April 1 primary, in which she defeated Gray.
* FOLKS... AGAIN... WHAT'S IT GONNA TAKE?
Asked about the discrepancy between the action on Park
Southern and the inaction on other delinquent loan holders, Christopher Murphy,
the mayor’s chief of staff, said...
* SCREW WHAT HE SAID... READ ON...
Also delinquent is CentroNía, a nonprofit that runs a day
care and manages a charter school in the Columbia Heights neighborhood.
CentroNía obtained a $1.9 million loan to help finance construction of a
four-story brick headquarters when the non-profit was led by its founder and
former executive director, Beatriz “B.B.” Otero. Otero is now Gray’s deputy
mayor for health and human services.
* WHAT'S THAT...?!?!
Otero is now Gray’s deputy mayor for health and human
services.
* AND THUS... SCREW WHAT CHRISTOPHER MURPHY, THE MAYOR'S
CHIEF OF STAFF, HAS TO SAY. (NO DOUBT IF HIS MOUTH IS OPEN HE'S LYING.)
When the loan was issued, CentroNía was known as Calvary
Bilingual Multicultural Learning Center. Records show that the organization has
not made a single payment on the loan.
(*SNORT*)
In an interview, Otero said she could not recall any
request by the city to pay up.
(*GUFFAW*)
* FOLKS... YA CAN'T MAKE THIS SHIT UP!
“I remember it had something to do with whether you can
afford, as long as you were doing the public good kind of thing — but don’t
quote me, because this is really sketchy trying to remember,” Otero said. “I’ll
have to go back and think about it. I don’t recall.”
(*HEAD READY TO EXPLODE*)
According to the most recent publicly available federal
tax forms, CentroNía listed net assets of more than $8 million in 2012...
In its 2012 financial reports, CentroNía also disclosed
that it had no intention of repaying the loan.
* AGAIN. FOLKS. ARE THERE CRIMINAL ELEMENTS WORKING
INSIDE THE GOP? YEP. SURE. NO DOUBT. BUT THE DEMOCRAT PARTY SEEMS TO BE WHOLLY
MADE UP OF AND RUN BY CRIMINALS!
Several aides to the mayor said the delinquent loan held
by Otero’s organization never surfaced as an issue in 2011 when she was vetted
for the deputy mayor post.
* OF... COURSE... NOT...
Gray said in a recent interview that other than Park
Southern, he was unaware of the specifics of any of the other loans in default.
* UH-HUH. (AND I HAVE A BRIDGE TO SELL YOU!)
Crawford, who served three terms as a council member representing
Ward 7 and has received millions in housing loans and grants to run Southeast
Washington apartment buildings, disputed that Crawford Edgewood Managers owes
the $61,000 listed as 104 months past due. Crawford said he, too, understood
the money to be a grant.
* THESE... SCUM... SHOULD... BE... BEHIND... BARS...!!!
City records show that Crawford Edgewood made a $600
payment on the delinquent note this spring. Benson said the former council
member — who also was once involved in management of Park Southern Apartments —
has been in discussions with the city about repayment.
1 comment:
Our Capitol. It's a crying shame. We need a revolution. Too bad we're a nation of cowards. Most won't even speak out about THIS because, you know, they might get called the R word...
And not Republican, either.
Cowards.
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