May 28, 2008

The poster child for housing irresponsibility …

Is Democratic Congresswoman Laura Richardson. Buying multiple houses, apparently as “flappable” investments? Check.

Defaulting on multiple mortgages? Check.

Lending money off these houses to her own Congressional campaign, while falling in default on the payments? Check.

Claiming this made her well-qualified to understand homeowner woes? Priceless hypocricy:
Richardson last week told reporters in California that her experience makes her particularly well-suited to help Congress legislate a solution to the nation’s housing crisis, saying she hoped to testify before congressional committees on the issue.

Instead, she may be testifying before the Federal Elections Commission on campaign-finance questions.

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