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More on Rep. Richardson's Financial Woes

UPDATE: California Congresswoman Richardson insists that her home in the capital of Sacramento, which she bought when she was a state assemblywoman, is not in foreclosure. Though the definition of foreclosure, it would seem, is open to interpretation.

"While the transitioning has impacted me personally, the residential property in Sacramento, California is not in foreclosure and has NOT been seized by the bank," Richardson said in a statement.

The Associated Press, which reviewed her property records, reports Richardson received a default notice from her lender, Washington Mutual Inc. And documents posted on the web site of Capitol Weekly newspaper, which originally reported the story of Richardson's foreclosure, show that she owed $18, 356.

Richardson said in her statement, "I have worked with my lender to complete a loan modification and have renegotiated the terms of the agreement -- with no special provisions."

By Mary Ann Akers  |  May 22, 2008; 11:10 AM ET
 
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Comments

This Rep must be a Democrat, otherwise the article would have informed the reader that she is a Republican. And you don't think you are known for bias . . . .

Posted by: John Gottlieb | May 22, 2008 12:18 PM | Report abuse

The real scandal is the "Bail Out" bill which does not provide one penny for the millions of renters who are being evicted when their landlords are foreclosed on by the banks. The primary beneficiaries of the bail out bill are the banks which caused this mess.

Posted by: Peter | May 22, 2008 12:34 PM | Report abuse

Excellent point, John. Odd how this is yet to hit MSNBC or CNN. If this was a Republican it would be front page of the Post and Keith Olbermann would have a two hour prime time special making him (or her) the worst person in the world.

Posted by: Will | May 22, 2008 12:41 PM | Report abuse

Why was Representative Richardson's party affiliation not identified? If I'm not mistaken, you do that in virtually every other story you run about politicians.

Posted by: Paul Portney | May 22, 2008 12:41 PM | Report abuse

For those commenting on the party afilliation not being mentionted.

This is an update to an article that is available on the left hand side of the page. In the original article it does state the paty affiliation.

try a little harder next time.

Posted by: Mark | May 22, 2008 12:47 PM | Report abuse

Mark - You're asking for a lot, if you expect GOPsters to actually look for info. By definition, they need to be told what to think, and then spoon-fed, to boot.
If they were able to think for themselves, they wouldn't continually vote against their best interests.

Posted by: jon | May 22, 2008 1:08 PM | Report abuse

Hey Mark

You've made THEIR point. It doesn't matter if it's the original story or a "follow-up" story when a Republican is involved. If it's a negative issue involving a Republican, the party affiliation is repetitious and continual.

Like your party's ideology, your defense on this issue is weak.

Try harder next time.

Posted by: M. J. Bee | May 22, 2008 1:12 PM | Report abuse

Hey Mark

You've made THEIR point. It doesn't matter if it's the original story or a "follow-up" story when a Republican is involved. If it's a negative issue involving a Republican, the party affiliation is repetitious and continual.

Like your party's ideology, your defense on this issue is weak.

Try harder next time.

Posted by: M. J. Bee | May 22, 2008 1:13 PM | Report abuse

I thought a "Sleuth" uncovered information no one knows, not rehash information found in other publications. Seems kinda lame.

You need a new name - "The Regurgitator."

Posted by: Curious | May 22, 2008 1:20 PM | Report abuse

Will, on your comment about Obermann, you make absolutelly no sense. You must be a confused republican of the 28% kind...

Posted by: Anonymous | May 22, 2008 1:26 PM | Report abuse

Just read the L.A. Times report and it goes into a lot more detail including who purchased her home from the bank after she defaulted and even a quote from the new owner.

This article as Mark said leaves a lot out.

Posted by: Robert Mack | May 22, 2008 1:30 PM | Report abuse

A comment was made after the LA Times report that the person really wanted to know if she had let her house in Sacramento go so she could purchase a house in the DC area. Ms. Sleuth, I think answering this question would give you an even better scoop. . . did she default so she could buy property in DC? If so, wouldn't that smell a little like fraud? It does not seem to me that this has anything to do with what is happening across America with loans defaulting - looks more like someone taking advantage of an already really bad situation with foreclosures.

Posted by: Judy | May 22, 2008 1:38 PM | Report abuse

Rep. Richardson probably did not understand the loan documents she was signing. Asking the bank to modify the loan and take a loss to cover for her own ineptitude makes sense. We should all get everything we want.

Vote for Barack Obama this fall and you to will have the right to the house of your choice, a car that you like, degrees from whichever college you prefer, sex with whomever you want (whether they agree or not) - YOU HAVE RIGHTS. The right to other peoples labor, the right to other peoples money, the right to others intelligence.

Take a look at CHINA and see the beautiful homes that this kind of thinking produces and how they stand up to the reality of an earthquake. Take a look at CUBA and see the genius of their poverty. Take a look at Venezuela and see how their RIGHTS get them nothing but empty promises and a devolving economy.

Oh well, I'm heading back to work to plan how to avoid the unintended consequences of the Dems 'kind' intentions as expressed through national policy.


Posted by: Quoanimo | May 22, 2008 1:42 PM | Report abuse

Isn't this just a blog anyway. All the other outlets (Capitol Weekly, USA Today), have a lot more information and actually have a completely different slant - that even representatives in Congress have been affected by the mortgage crisis.

Posted by: Jesse | May 22, 2008 1:49 PM | Report abuse

Jesse, is this a case of a congress woman being affected by the mortgage crisis or did she take advantage of a situation? I don't care if she is Dem/Rep or alien - I want to know if she defaulted so she could buy a property in DC.

Posted by: Judy | May 22, 2008 1:54 PM | Report abuse

It's funny the comment about party afilation. It's the only reason I clicked on the article. I figured that it had to be a Dem as well because it wasn't mentioned in the opening statment 2 or 3 times. They usually get around to it but it at the end of the article as a oh by the way comment. No need to get mad Dems we know you know it just except it. Conservatives are always in the open wiht who they are when reporting news and so you can filter what they say based on their bias. The other 95% of media keep that in the closet.

Posted by: Mike | May 22, 2008 1:55 PM | Report abuse

So it depends on what the meaning of "is" is.

Posted by: Bill | May 22, 2008 2:06 PM | Report abuse

I'll take a Harvard Law Degree for $100, Quoanimo.

Posted by: Anonymous | May 22, 2008 2:08 PM | Report abuse

Now wait there just a minute, John G.: I just checked out a recent article by Akers on Larry Craig (posted May22), and it didn't say anywhere in the article that he was a Republican. Nowhere in the article at all. How else would any reader know that Mr. Bobblefoot was a Republican? It's a coverup, I tell you! -- Proof positive that Ms. Akers is part of the vast RIGHT-wing (not left-wing) conspiracy. I done caught her meself, red-handed and gun a'smokin', trying to cover up the fact that Larry Craig was a Republican. A Republican, no less!

Posted by: John from NC | May 22, 2008 8:43 PM | Report abuse

I wonder if Larry Craig is slightly more well known than some third-rate congressman from California whose biggest claim to fame is having the same name as a third-rate presidential candidate.

Posted by: Pete | May 22, 2008 9:18 PM | Report abuse

Hey Pete, Third-rate congressman with third-rate name? Indeed. And a third-rate 'scandal' to match. What, an overdrawn loan? Yawn. Yet Akers puts it in the same blogspace as our "slightly more well known" Mr. Craig. Slightly, indeed. Craig is/was a venerable US Senator, a moralizing attack dog unleashed against against "a bad boy, a naughty boy" Bill Clinton -- until, that is, Mr. Craig was discovered soliciting sex in an airport bathroom. Ewww. Yet Akers gives Richardson the same page? I smell right-wing conspiracy. God, I can smell it. Smell it. Smell it. sniff ... sniff ... sniff ... A vast, vast, right-, right-, right-wing conspiracy.

Posted by: John from NC | May 23, 2008 2:20 AM | Report abuse

She should trade freezers with William Jefferson.

Posted by: Walt | May 23, 2008 12:09 PM | Report abuse

Our country is run by politicians who can't handle their own finances and we have to depend on them to handle the finances of the nation. There is something very wrong here. This woman should be thrown out of office.

Posted by: Vladimir Val Cymbal | May 23, 2008 2:38 PM | Report abuse

From Richardson's own website: http://richardson.house.gov/about.shtml

"She graduated from UCLA with a bachelor's degree in political science, then received a Masters in business administration from USC, and went on to spend fourteen years working for Xerox Corp."

Guess they didn't cover making monthly mortgage payments, paying yearly property taxes or "robbing Peter to pay Paul' at USC while she was studying for her MASTERS in BUSINESS ADMINISTRATION! ! !

Good grief! How stupid does she think we are?

Sorry, I 'm not buying her excuses! Typical Demcratic BS! ...

I'm sick of the excuses!
"Ain't my fault!"
"I didn't know!"
"I don't have to make payments-the 'Gubment' will bail me out!"
"I'm going to buy me a gold grill, some rims, some bling, 50 pairs of white sneakers, hair weaves, and a big screen TV instead of paying for my own health & prop. insurance, mortgage payments, property taxes, child support, and on and on..."

I'm sick and tired of my tax dollars going to bail out people of this ilk!
Wake up, America!

You put a Democrat in the White House and you will get 4 years of increased taxes to bail out losers like this one!

Posted by: stopthedems | May 25, 2008 8:05 AM | Report abuse

Not only will your tax dollars bail her out, but you have to keep paying her salary and her pension, and for her exlusive junkets.

Posted by: Anonymous | May 27, 2008 1:39 PM | Report abuse

All these comments because she is a democrat... how many of you good republicans saw the article about the Treasurer of the National Republican Committee who embezzled $1.5 million? That certainly was swept under the carpet in a hurry.... Of course he is no where to be found these days either...

Posted by: Proud to be a democrat | May 27, 2008 3:12 PM | Report abuse

That skank needs to be frog-marched out of the Capitol.

Posted by: Anonymous | May 27, 2008 4:47 PM | Report abuse

don't worry, barack hussein will pardon her

Posted by: Anonymous | May 27, 2008 5:30 PM | Report abuse

Hmmm, let's see. News that a Congresswoman from California defaulted on her mortgage and suddenly rabid GOP activists crawl out of the woodwork demanding that she be crucified. But where were these fine, upstanding citizens when news broke of GOP members of Congress doing lewd and objectionable things? They scream and holler about THEIR taxes going to help Richardson... but nothing about the moral issues within their own Party. How petty.

Posted by: Shirla in Missouri | May 27, 2008 6:28 PM | Report abuse

..and there are no homeless people on the streets of Havan..there are shortages of staples thanks to US sanctions, not bad government..thre is no shortage of medical practitioners..there is World-wide acclaim for one of the best health-care systems..and education is the priority of all Cubans who can boast holding the third highest literacy rate in the world (US is 17th)..and here we can't even get an honest worker a secured loan and mortgage leaving millions of Americans one pay-check away from sleeping in the streets or under bridges. Try to figure it out!

Posted by: Harry Greenwood | May 27, 2008 7:53 PM | Report abuse

Shirla in Missouri reminds us that there are stupid skanks everywhere

objectionable GOP congressmen resign, objectionable democraps get re-elected

Posted by: Anonymous | May 28, 2008 1:28 PM | Report abuse

... and profitable committee assignments if not higher office

Posted by: Anonymous | May 28, 2008 1:29 PM | Report abuse

"Stupid shanks"?, Oh nameless one? There are far too many to count on both sides of the aisle! But, why point at either party and merely assume they have the majority of 'stupid shanks' or even the ONLY 'stupid shanks'? Instead, why not pay attention to what YOUR particular Congressman or woman is doing, how they vote and if THEY are objectionable, then get rid of them. The latest news today should make everyone's stomach churn! Documentation from an 'insider' that the Bush Administration DELIBERATELY led the country down the garden path with lies and deception, as well looking the other way as the economy falls into shambles! And, in California, a major affluent city has created a 'safe sleep zone' for people to sleep in their cars after losing their jobs and homes and self respect. We need to look no further than the TOP of the food chain in Washington to see where the objectionables really are. But you don't see many of THEM resigning.

Posted by: Shirla in Missouri | May 28, 2008 5:35 PM | Report abuse

haha the stupid skank can't even spell "skank" right

Posted by: Shirla's Mom | May 28, 2008 5:44 PM | Report abuse

right on shirla, if you don't like your congressman, have them knocked off

Posted by: sasquatch | May 28, 2008 7:40 PM | Report abuse

I mean... ummmm...... "get rid of them"

and DRILL HOLES IN THERE HEADS

Posted by: sasquatch | May 28, 2008 7:41 PM | Report abuse

I'll tell you my impression. We really in this last election, when I say we . . . the Democrats, I think pushed it as far as we can to the end of the fleet, didn't say it, but we implied it. That if we won the Congressional elections, we could stop the war. Now anybody was a good student of Government would know that wasn't true. But you know, the temptation to want to win back the Congress, we sort of stretched the facts . . . and people ate it up.

Posted by: Rep. Paul Kanjorski (D-PA) | May 28, 2008 7:47 PM | Report abuse

For all those Republiklans who didn't know she was a Democrat, you guys much prefer the way Fox News identifies all news worthy politicians. If bad, follow with (D). This happens so often it's no longer funny!

Posted by: Paul | May 29, 2008 2:18 PM | Report abuse

THERE; IS ONE THING THAT WOULD, FIX ALL YOUR MONEY, TROUBLE.S GET ON [HUSSEIN] BAND WAYGON AND [OPRAH] WILL
HANDEL ALL YOUR MONEY TROUBLE;;

Posted by: rugman | May 30, 2008 8:04 AM | Report abuse

Obama-Opra '08
Everybody gets a car!

Posted by: Anonymous | May 30, 2008 12:40 PM | Report abuse

Paul, don't get your panties in a knot, just stop watching Fox News.

Posted by: Anonymous | May 30, 2008 12:41 PM | Report abuse

I AM AMAZED HOW PETTY AND SHORTSIGHTED AMERICANS HAVE GOTTEN ARGUING ABOUT WETHER SHE WASA DEM OR REPUBLICAN BERATING HER FOR BEING A FEMALE OR BLACK AMERICAN OR WETHER A POLITICIAN IS HOMOSEXUAL WHEN THESE FOREIGN COUNTRIES PRACTICE FINANCIAL WAR AGAINST US.THEY HAVE TAKEN OVER 2MILLION HOUSES ACROSS AMERICA THRU FORECLOSURE FROM CITIZENS OF AMERICA,THEY HAVE TAKEN 18MILLION JOBS OUT OF NORTH AMERICA AND RAISED THE PRICE OF OIL OVER 30% IN ONE YEAR,RAISING THE PRICE OF THIS ONE PRODUCT WHICH IS SO INTEGRAL TO SO MANY OTHER PRODUCTS AND INDUSTRY EFFECTIVELY TRANSLATES TO A 59% IN PRICE OVER 1 YR IS A RECIPE FOR DISASTER.OUR ECONOMY CAN NO LONGER SUPPORT THE FACIST
COUNTRIES OF THE WORLD.

Posted by: PHILIP CATALDO | May 30, 2008 12:43 PM | Report abuse

The skank should be dropped out of an airplane over the socialist paradise of cooba

Posted by: Anonymous | June 10, 2008 8:07 PM | Report abuse

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