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In reply to the discussion: Bernie and Jane Sanders, under FBI investigation for bank fraud, hire lawyers [View all]TexasBushwhacker
(20,205 posts)146. The bank is responsible for due diligence
They're supposed to make sure the land is valued for the loan amount. Furthermore, if the loan was for more than 80% of the land's value, one would think that Burlington would have to carry an insurance policy in case of foreclosure.
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Bernie and Jane Sanders, under FBI investigation for bank fraud, hire lawyers [View all]
TomCADem
Jun 2017
OP
For sure...how he has time to be prez w all the lies he spreads and golf is beyond me
Alice11111
Jun 2017
#15
This complaint was filed over a year ago why didn't Sanders address it then? nt
Persisted
Jun 2017
#30
Okay....you've listed 2 Democrats not under federal investigation for bank fraud.
Persisted
Jun 2017
#31
in a small state wouldn't this not be too unusual . everyone would have more of a connection to each
JI7
Jun 2017
#147
Skinner never mentioned taxes. He indicated that BS should be treated as a Democrat.
Persisted
Jun 2017
#141
"pledging" millions to a school/charity & then not donating-something Trump has done countless times
Sunlei
Jun 2017
#18
10 million dollars for 33 acres. bank was willing to accept "pledged money" that is not the same as
Sunlei
Jun 2017
#17
oh so the bank got buildings & sold- and the land was sold to "another developer" 33 acres for 10mil
Sunlei
Jun 2017
#21
The buildings were not foreclosed until May 2017 since BC still owed the bank $3.7 million.
TexasTowelie
Jun 2017
#25
what did the bank lose? They didn't own the property, they weren't the sellers. They made the loan p
Sunlei
Jun 2017
#158
The kind of land we all wish we could have bought for 100 an acre 100 years ago :P
Sunlei
Jun 2017
#23
Apparently the Archdiocese is claiming they got 10 mil on a 6 mil property.....
Persisted
Jun 2017
#39
Um....you've conflated assesed value and appraised value. She paid 10 mil on a 6 mil appraisal....
Persisted
Jun 2017
#56
I did not say the church is making money - I said that the land was sold in 2 pieces for a total of
karynnj
Jun 2017
#78
Isn't Tony P a very close friend of Sanders who did the bridge loan on the original deal?
Persisted
Jun 2017
#109
He is also a major philanthropist who has done many good things for Burlington and Vermont
karynnj
Jun 2017
#111
It's also unsurprising the continued unfounded accusations against others who are
R B Garr
Jun 2017
#125
The bank/agent probably sues because they want that 4 million "fee" they wrote into the contract.
Sunlei
Jun 2017
#159
Just being listed by someone else on a loan application does not bind them or their estate
karynnj
Jun 2017
#114
I'm not saying it would be a sucessful claim. But would you appreciate the possible
Persisted
Jun 2017
#118
Like with Trump, going after the money, I would like to see both tax returns.
pirateshipdude
Jun 2017
#65
If we base an argument on hypocrisy, then it is all of our problem. Eom
pirateshipdude
Jun 2017
#122
Weaver seems to think that that means it was all good or their responsibility? Hmmmm
Madam45for2923
Jun 2017
#73
He's spreading responsibility. Which is what makes me think a SAR has been filed. nt.
Persisted
Jun 2017
#103
Aha Makes sense about responsibility What it SAR? I tried to google it. Is it related to this?
Madam45for2923
Jun 2017
#110
This investigation exists because of the events that led up to the closing of Burlington College.
hrmjustin
Jun 2017
#90
If the bank filed an SAR, are they being manipulated by the Vermont Republican? nt
Persisted
Jun 2017
#94
Sanders is going around the country presumably speaking for the Democratic Party....
George II
Jun 2017
#131
Certainly the Democratic party bears no responsibility for this particular turn of events.
Persisted
Jun 2017
#134
Explain that to all the republicans who will jump on this and use it for all they can get out of it.
George II
Jun 2017
#139
Funny; I don't recall a single Sanders supporting the baseless Benghazi nonesense
Chasstev365
Jun 2017
#87
Has it been proven and how did the post leap to assuming Bernie was in on it?
Chasstev365
Jun 2017
#93
Not in a court of law but loan documents pretty much show she lied about how much the
hrmjustin
Jun 2017
#96
She did not lie. "Pledged" donations aren't the same as money in hand. Banks contract allowed for "p
Sunlei
Jun 2017
#160
Is this more 'Crooked Hillary! e-mails! e-mails!' - the Trumpsters trying to create scandals about
LeftishBrit
Jun 2017
#155