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Elizabeth Warren – Indian Giver?

15 Aug
Senator Elizabeth Warren spent some time running the Consumer Finance Protection Board, before her election to the Senate, and after serving as a Cherokee princess.

CFPB is taking over settlement statement regulation from the Department of Housing and Urban Development, which previously created the format for the HUD-1 statements buyers and sellers sign at real estate closings.

Those of you who have signed one will remember that both buyers and sellers sign the HUD-1, essentially agreeing about the distribution of the myriad of charges to each for settlement attorneys, real estate commissions, credits for repairs, taxes, insurance, and loan fees.

The last page of the HUD-1 looked like this:

You will notice that both the seller and the buyer (borrower) sign it, as one would expect since it is their agreement and authorization for the settlement attorney to cut checks to pay all the entities involved in the transaction.

Here’s what the same page of the CFPB form looks like in its current draft:



See anything funny?

They forgot to add a place for the seller to sign.  Only the borrower (loan applicant) has a place to sign.

Maybe the seller isn’t really giving you that house!

Sunday’s top libertarian Internet chatter

29 Jul
1) gecko_mayhem on PoliticalWire

He’s talking about national security, then onto:
“These esoteric, intellectual debates — I want them to come to New Jersey and sit across from the widows and the orphans and have that conversation. And they won’t, because that’s a much tougher conversation to have.”
Makes no sense. Best way to prevent widows and orphans is to keep soldiers away from places they’ll be killed.
I like the line about this strain going through “both parties” – the NSA vote the other day certainly made that clear. Although if that’s “libertarianism”, we need a heck of a lot more of it.

2)

Bruce Majors on FaceBook
Chris Christie is upset because libertarians want to cut food stamps and agricultural subsidies

3)  Ron Paul all the way on Slate.com

Warren is “controlled opposition.” You should notice that she never goes after the Federal Reserve. That’s the big key.

She is a tool for central bankers.