Sunday, October 26, 2014

These... ARE... the... DEMOCRATS...



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.

* BEHIND BAR, FOLKS... BEHIND BARS...

1 comment:

michellez said...

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.