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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (439819)	12/11/2008 7:54:44 PM
From: bentway	Read Replies (2) \| Respond to of 1575489

Mortgage sluts Dozens of former brokers and wholesalers say the trading of sexual favors was so common that it came to be expected. [Mortgage wholesaler Sharmen] Lane recalls one visit to a mortgage brokerage near San Jose (Calif.) in which the manager lewdly propositioned her in his office. She says she declined the advance, and he didn't sell her any applications. But other female wholesalers didn't have the same qualms about crossing the line. "Women who had sex for loans were known very quickly," says Lane, who left New Century before it failed in 2007 and now works as a $200-an-hour life coach and motivational speaker in New York. "I didn't want to be a mortgage slut." ... But in the mortgage business, it went further: The women allegedly offering sexual favors were bank employees. Evan Stone, president of Walnut Creek (Calif.) mortgage brokerage Pacific Union Financial, says "minimally trained and minimally dressed" wholesalers often wooed brokers. He says he regularly got visits in his suburban office from representatives wearing unusually short skirts to entice him and his team of brokers to party at the local Ruth's Chris Steak House. Stone says one New Century wholesaler offered to fly him to Chicago to "have a good time." He says he declined all offers of sexual favors. "There were some indecent proposals made," he says. "That was part of building the relationship." Wholesalers also offered sexual favors to co-workers. To drive up their commissions, some enticed loan underwriters at their companies to approve questionable applications. A vice-president at Washington Mutual who once wielded $500 million to make loans recalls an incident in which a female wholesaler wanted him to approve a loan that didn't fit guidelines. The manager, who requested anonymity, says the co-worker, wearing a low-cut shirt, knelt down at his desk and said: "I really need this. What do I have to do?" sfgate.com

To: Tenchusatsu who wrote (439819)	12/11/2008 8:06:03 PM
From: tejek	Read Replies (1) \| Respond to of 1575489

Let's start with the governor of Michigan and the mayor of L.A. on Obama's economic advisory board. Neither of them have any economic background whatsoever, so how come they are on that board? But they have experience of what's needed on the local levels.....important input to the feds.

To: Tenchusatsu who wrote (439819)	12/12/2008 10:54:50 AM
From: combjelly	Read Replies (1) \| Respond to of 1575489

"I can give lots of examples of this in the Clinton administration and in the upcoming Obama administration." Again, there will always be some. However, in the Bush administration, it was hard to find examples of those who actually had a background in what they were administering. There were/are exceptions like Griffin for NASA. But ones like Chertoff for Homeland Security are a lot more common. Chertoff had no background in security of any type, he was an attorney and, most importantly, did fund raising for Bush in 2000. A lot of Bush appointees had experience in fund raising.