Daily Archives: September 29, 2009

I’ll take the headline, Your Honor

Norman Hsu, Hillary Clinton’s chief fund raiser, has been sentenced to jail for fraud, but Hsu knows for how long? The NY Times headline says 2 years, the article itself claims 24. If he’s smart, Hsu will show that headline to his jailer and try to arrange short term accommodations.

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He was innocent, not a charge was true …

cowWe’re off tomorrow to a super-secret double-probation grievance hearing to answer an angry Greenwich homeowner’s complaint that I made fun of his house and thus prevented its sale. Notwithstanding my profound regret at offending the poor sod, he apparently insists on going forward so I’ll be tied up most of the morning with a bank of white shoe lawyers and paralegals, armed with instant transcription machines and fighting for my professional life. Oh, the horror!

I’ll see about live-blogging the proceedings.

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Them furriners sure do like these condos, eh?

A unit at “Riverstone”, the condo project on the west bank of the Byram River that I consider to be part of Port Chester but the developers refer to as “Glenville” has gone to contract, after just six days,to a “foreign buyer”. That would be anyone from out of town, I guess. If I were a resident of New York state and could escape that jurisdiction’s taxes by buying a fresh new condo in Connecticut without having to get my feet wet, I’d do it. Otherwise, perhaps not.

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Realogy using government accountants

It’s borrowing more money at higher interest to pay back pushy creditors who are owed less money. But this all makes for a stronger, healthier company, just as the FDIC is growing stronger every day. Trust us.

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Dodd’s exquisite sense of timing

While federal investigators are still trying to round up the terrorists who planned to bomb New York City Chris Dodd has introduced legislation repealing the immunity the Senate gave to telephone companies who assisted the government in wiretapping those same people.

“We make our nation safer when we eliminate the false choice between liberty and security. But by granting retroactive immunity to the telecommunications companies who may have participated in warrantless wiretapping of American citizens, the Congress violated the protection of our citizen’s privacy and due process right, and we must not allow that to stand.”

I personally would feel much safer if the citizens of Connecticut would throw this deceitful, awful person out of office on his fat thieving ass and replace him with anyone else – anyone at all.

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But Barney Frank likes it

Back in 2005, pre-crash, a mortgage lender got busted because his employees were engaged in mortgage fraud. He wrote a book about it, warning that no-money-down home purchases guaranteed fraud. Sounds sensible, so yesterday’s announcement that Congress and Fannie Mae are teaming up to toss another $35 billion into new, no money down mortgage loans for dead beats makes me wonder whether we’ll see that money again? I think not.

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Change of plans or mind?

19 Doverton

19 Doverton

This building lot (it does have a tired contemporary on it) is assessed at almost $3 million but its sellers wisely asked less than that: $2.6 million at first, then marked it down to $2.2. Today, they deleted the listing and I don’t know whether that’s because they’ve come up with a better use for the property or have just decided to wait out the market.

I’ve never been wild about this land at any price; its four acres are mostly swamp and steep wooded hillside, so it’s pretty much a building envelope and that’s it – it doesn’t even offer much privacy, despite all that land. So I don’t know how much good waiting out the market will do – the land isn’t going to change until the next glacier resculpts it. Watch this space.

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