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Watch a Congresswoman Have to Explain to HUD Sec. Ben Carson That an ‘REO’ is Not an ‘Oreo’ Cookie

Discussion in 'Current Events' started by MrTLegal, May 21, 2019.

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  1. MrTLegal

    MrTLegal Well-Known Member

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    https://www.mediaite.com/politics/w...ben-carson-that-an-reo-is-not-an-oreo-cookie/

    Your Secretary of Housing and Urban Development folks. As if we needed further proof that Trump's administration, which is riddled with holes, is the least qualified , and has the highest turnover rate of any modern US President, is a veritable **** show.

    The only requirement for joining and remaining part of trump's administration is an unyielding willingness to praise and defend that whiny, little bitch of a snowflake named donald trump.
     

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    Last edited: May 21, 2019
    MrTLegal, May 21, 2019
    #1
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  2. btthegreat

    btthegreat Well-Known Member

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    She may want to know about the disparity, but this guy is not someone to ask about mortgages and default rates. . He may know more about oreos. I can't say
     
    Last edited: May 21, 2019
    btthegreat, May 21, 2019
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  3. RP12

    RP12 Well-Known Member

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    https://en.wikipedia.org/wiki/Real_estate_owned

    The term originates from the term other real estate owned (OREO), which is used on financial statements to classify real estate property owned by a financial institution but which is not directly related to its business. These financial institutions are often the lender. Lenders are primarily in the business of making loans with the intent that nearly all of those loans will be repaid in full with interest. Seizing, managing and reselling real property collateral to recover unpaid loan balances is secondary to lenders' primary line of business. Property management companies, for whom real estate management is their primary business, use the term OREO.

    In balance sheet terms, OREO assets are considered non-earning assets for purposes of regulatory accounting.[2][3] In the context of national banks in the U.S., the term OREO is legally defined by the Office of the Comptroller of the Currency in regulations promulgated pursuant to 12 U.S.C. § 29, specifically in 12 C.F.R. 34 and 12 C.F.R. 160.30.[4]

    5 seconds of research on my part.

    5 seconds was to much for a Dem Porter or any Leftist rag....

    You should all be shamed for being so desperate to rag on a Conservative who happens to be Black.
     
    RP12, May 21, 2019
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  4. MolonLabe2009

    MolonLabe2009 Banned

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    Katy Porter is a racist.
     
    MolonLabe2009, May 21, 2019
    #4
  5. Paul7

    Paul7 Well-Known Member

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    Maybe you're smarter than a brain surgeon, but I doubt it.

    Getting back to that hearing, do you think illegals should take housing places that American citizens are on waiting lists for?
     
    Paul7, May 21, 2019
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  6. Egoboy

    Egoboy Well-Known Member Donor

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    I take no stance on this story, except I forgot how SLEEPY and UNCONNECTED Ben Carson sounds at all times... I know he's a doctor and all, but I'd swear he was on heavy muscle relaxants, since that's the way my wife talked when she was on hers for back pain last year..

    If he had been elected President, I think he would have nodded off during his tweets about..... whatever President Carson would be tweeting about... sleeping?
     
    Egoboy, May 21, 2019
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  7. RP12

    RP12 Well-Known Member

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    You take no stance after i show how ever leftist rag that is having a field day on this did no research whatsoever?

    Shocked i am...
     
    RP12, May 21, 2019
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  8. Paul7

    Paul7 Well-Known Member

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    Like sleepy, creepy Joe. Perhaps Dr. Carson was stupefied by the Democratic committee idiocy.
     
    Last edited: May 21, 2019
    Paul7, May 21, 2019
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  9. PatriotNews

    PatriotNews Well-Known Member

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    Stupid Democrats trying to make a brain surgeon look dumb. Why not just spell it out instead of abbreviation?
     
    PatriotNews, May 21, 2019
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  10. Paul7

    Paul7 Well-Known Member

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    Perhaps Maxine Waters could do that.

    /Sarcasm off
     
    Last edited: May 21, 2019
    Paul7, May 21, 2019
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  11. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    Ha! You called someone a snowflake during your own meltdown! Classic!
     
    Doofenshmirtz, May 21, 2019
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  12. Egoboy

    Egoboy Well-Known Member Donor

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    You proved that YOU were able to find out that OREO might have some meaning, not that Carson knew what REO meant, because he didn't...

    I'm trying NOT to pile on a guy who was Peter Principled into a job he's not qualified for...
     
    Egoboy, May 21, 2019
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  13. RP12

    RP12 Well-Known Member

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    Some meaning???

    https://en.wikipedia.org/wiki/Real_estate_owned

    The term originates from the term other real estate owned (OREO), which is used on financial statements to classify real estate property owned by a financial institution but which is not directly related to its business.

    ****ing read for once.. Porter in her desperation to attack him showed her own ignorance and the media trying to pile on her attacks are just as ignorant.
     
    Last edited: May 21, 2019
    RP12, May 21, 2019
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  14. Egoboy

    Egoboy Well-Known Member Donor

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    Do I need to spell out SSN? IRS? NASA? ERA? (baseball-wise)

    If he didn't know what REO means (and I certainly didn't), just say so instead of guessing what the O stands for...
     
    Egoboy, May 21, 2019
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  15. Egoboy

    Egoboy Well-Known Member Donor

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    She didn't ask what an OREO was... she asked what an REO was.... and he didn't know... that's the bottom line of that video...
     
    Egoboy, May 21, 2019
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  16. Paul7

    Paul7 Well-Known Member

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    That was Obama. Funny how when conservatives criticized him we were racist.
     
    Last edited: May 21, 2019
    Paul7, May 21, 2019
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  17. RP12

    RP12 Well-Known Member

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    The term originates from the term other real estate owned

    Maybe if i shorten it and put it in a different font you will have the attention span to read and understand it.
     
    RP12, May 21, 2019
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  18. RP12

    RP12 Well-Known Member

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    Which of those have to deal with HUD ( do you know what that stands for without looking it up?)
     
    RP12, May 21, 2019
    #18
  19. Egoboy

    Egoboy Well-Known Member Donor

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    Then why did he say the last O stood for Organization??
     
    Egoboy, May 21, 2019
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  20. rcfoolinca288

    rcfoolinca288 Well-Known Member Past Donor

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    Smart? I doubt it. Here you have a doctor who is against abortion yet on live TV declared he had no qualm with indiscriminate carpet bombings that would kill....*gasp*....children! Then go on with some twisted stupid logic about brain surgery on children. Kind of funky how Trump doesn't think he's fit to be the Surgeon General but fit for HUD. It's a "WTF" appointment.
     
    rcfoolinca288, May 21, 2019
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  21. Egoboy

    Egoboy Well-Known Member Donor

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    Of course... But if I didn't, I'd feel better admitting it than guessing as to what it meant in front of Congress..
     
    Egoboy, May 21, 2019
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  22. RP12

    RP12 Well-Known Member

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    Perhaps he was mocking her? Did you really think he meant Amway as well? Or have you not gotten that talking point yet? Sorry if i ruined it for you but Daily Beast can afford one less click.
     
    RP12, May 21, 2019
    #22
  23. rcfoolinca288

    rcfoolinca288 Well-Known Member Past Donor

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    Why isn't a Dr. suitable to be a Surgeon General but suitable for HUD?
     
    rcfoolinca288, May 21, 2019
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  24. RP12

    RP12 Well-Known Member

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    He used the original term.. She thought he meant a cookie.. SHE was the idiot.
     
    RP12, May 21, 2019
    #24
  25. RP12

    RP12 Well-Known Member

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    So you want to run away from the topic ( fake outrage) and play the random question thread?
     
    RP12, May 21, 2019
    #25
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