Bawney Fwank claims it would be “a social injustice” for this bank to fail...
Wouldn’t want brother to lose his Porsche...
The whole thing stinks to high heaven - why am I not surprised?
The one condition that the fed gave for giving the bail-out money, was to lose the Porche. So, it sounds as though, they got to keep the house, but could not use bank funds to pay for it, and had to get rid of the Porche that they must have kept in California for their use. These bank officials must think that they are politicians.
I live a few houses from 703 palisades beach rd and I saw Kevin Cohee porsch being towed away along with his other cars. Also the house just sold last week for 7 million 350 thousand dollars. Now I wonder who this money from the sale of the house goes too.