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inanna

(3,547 posts)
Fri Dec 2, 2016, 02:15 PM Dec 2016

I just wish that I had not voted. Trump voter lost her home to his new Treasury secretary

Source: Associated Press

Fri., Dec. 2, 2016

WASHINGTON—When Donald Trump named his Treasury secretary, Teena Colebrook felt her heart sink.

She had voted for the president-elect on the belief that he would knock the moneyed elites from their perch in Washington, D.C. And she knew Trump’s pick for Treasury — Steven Mnuchin — all too well.

OneWest, a bank formerly owned by a group of investors headed by Mnuchin, had foreclosed on her Los Angeles-area home in the aftermath of the Great Recession, stripping her of the two units she rented as a primary source of income.

<<snip>>

Less than a month after his presidential win, Trump’s populist appeal has started to clash with a Cabinet of billionaires and millionaires that he believes can energize economic growth.

Read more: https://www.thestar.com/news/world/2016/12/02/i-just-wish-that-i-had-not-voted-trump-voter-lost-her-home-to-his-new-treasury-secretary.html

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I just wish that I had not voted. Trump voter lost her home to his new Treasury secretary (Original Post) inanna Dec 2016 OP
Oops MFM008 Dec 2016 #1
She got conned again! Too bad she didn't learn. Shame that we all have to suffer because of it. SharonAnn Dec 2016 #61
low-info Trump voter didn't notice he changed his "policies" every day during campaign wordpix Dec 2016 #2
doh! yuiyoshida Dec 2016 #3
whatever gave her the idea that he gave a rat's ass about her and others like her? niyad Dec 2016 #4
I can't even feel bad for people like this Dopers_Greed Dec 2016 #5
Agreed...never understood how Trump supporters believed he (a billionaire) represented them... iluvtennis Dec 2016 #12
Da winnah! nt raccoon Dec 2016 #57
The truth! montana_hazeleyes Dec 2016 #59
I do feel bad, BUT... sofa king Dec 2016 #40
YOU GOT IT!!! rwsanders Dec 2016 #55
I can't & I wont GWC58 Dec 2016 #51
Awwww... Grassy Knoll Dec 2016 #6
I imagine that we're going to hear a lot of these Ohioblue22 Dec 2016 #7
Our government will be run by the Billionaires Club lunatica Dec 2016 #8
I would be willing to be a few bucks... 3catwoman3 Dec 2016 #9
May I please borrow DFT? MontanaMama Dec 2016 #16
Please borrow and share. Spread it far and wide! 3catwoman3 Dec 2016 #43
Kind of like a public service campaign? MontanaMama Dec 2016 #45
I feel no sympathy for her as this is what happens when you vote based on fear and anger without cstanleytech Dec 2016 #10
That's okay, Teena - you come from a blue state, your vote didn't count... haele Dec 2016 #11
She was trying to make big money in real estate -- must have bought the video FarCenter Dec 2016 #13
Yeah, that caught my attention too. LisaM Dec 2016 #22
True, but you shouldn't lose your home just because you can't pay scscholar Dec 2016 #42
If the bank couldn't seize the home to pay off the mortgage, why would the bank lend? FarCenter Dec 2016 #54
snarf!! UpInArms Dec 2016 #14
Seriously time to cull the herd. MontanaMama Dec 2016 #15
A billionaire real estate developer to knock down the moneyed elites? Solly Mack Dec 2016 #17
I Know RobinA Dec 2016 #19
Trump made her feel good. That's all he did for her. She enjoyed those happy feelings. Solly Mack Dec 2016 #20
gullible rubes who get pissed at playing 3 card monte and losing. nt Javaman Dec 2016 #18
I can't sympathize with the willfully ignorant. Dave Starsky Dec 2016 #21
We will all suffer, but somehow this does make me feel a little better lagomorph777 Dec 2016 #24
I agree 1000% catbyte Dec 2016 #34
When a retired female judge was confronted ... CountAllVotes Dec 2016 #47
+1 million riderinthestorm Dec 2016 #50
Teena should not have been surprised Trump named Mnuchin Treasuey Kathy M Dec 2016 #23
How many times is this going to get posted? Liberalagogo Dec 2016 #25
Did not see the other ones or would not have responded . Hopefully it wont be posted again . Kathy M Dec 2016 #26
don't be sorry. things are posted more than once all the time JI7 Dec 2016 #31
it hasn't been posted enough JI7 Dec 2016 #29
Does it pain you in some way? Good grief, there's a little X you MADem Dec 2016 #41
Post removed Post removed Dec 2016 #46
+1 OnDoutside Dec 2016 #56
You got what you voted for, Toots. n/t TygrBright Dec 2016 #27
Kickin' with disgust Faux pas Dec 2016 #28
Contact your elector and tell him/her that you have changed your mind. stone space Dec 2016 #30
The stupid - it hurts Politicub Dec 2016 #32
SUCKER...I just can't even manage the teeniest, tiniest amount of sympathy for her. catbyte Dec 2016 #33
dembat dembat Dec 2016 #35
We tried to warn you! You have been conned. Glimmer of Hope Dec 2016 #36
Not sure how to feel bpositive Dec 2016 #37
We need a lot more stories like this splashing all the headlines. JudyM Dec 2016 #38
Stupid is as stupid does. I am having a hard time feeling sorry for this person. MADem Dec 2016 #39
It's a little too late to do the right thing now. hamsterjill Dec 2016 #44
Oh. uppityperson Dec 2016 #48
Disillusioned Trumpkins...the first of millions AKing Dec 2016 #49
she would have been fine if it was only done to minorities JI7 Dec 2016 #52
Teena was on Chris Hayes' show tonight. moondust Dec 2016 #53
I don't think it would've mattered who she voted for in this case SubjectiveLife78 Dec 2016 #58
Oh well. I wish I could say I was sorry. BigDemVoter Dec 2016 #60
Note: She didn't say she wished she had voted foted for Clinton TexasBushwhacker Dec 2016 #62

wordpix

(18,652 posts)
2. low-info Trump voter didn't notice he changed his "policies" every day during campaign
Fri Dec 2, 2016, 02:20 PM
Dec 2016

She didn't get it that he's all for himself and not for struggling workers/homeowners? Not very smart.

niyad

(112,426 posts)
4. whatever gave her the idea that he gave a rat's ass about her and others like her?
Fri Dec 2, 2016, 02:25 PM
Dec 2016

seriously???? I talked with a friend whose bil said, "but he's for the common man". she and I both had hysterics over that one!!

Dopers_Greed

(2,640 posts)
5. I can't even feel bad for people like this
Fri Dec 2, 2016, 02:31 PM
Dec 2016

It's sad, I know.

But through the whole campaign I kept saying: He acts like he's for the common man, but he IS "the man"

iluvtennis

(19,756 posts)
12. Agreed...never understood how Trump supporters believed he (a billionaire) represented them...
Fri Dec 2, 2016, 03:19 PM
Dec 2016

...IMHO, he represented them because he is part of the white majority and they wanted someone to be president that wanted to "Make America Great Again" by subjugating Black/Brown folks, immigrants, Muslims, the handicap, women, LGBT, etc to white men

montana_hazeleyes

(3,424 posts)
59. The truth!
Sat Dec 3, 2016, 08:52 AM
Dec 2016

Absolutely the truth. I see some who try to deny it. Twist it or explain it some other way. It is what it is!!!!!!!!!!!

sofa king

(10,857 posts)
40. I do feel bad, BUT...
Fri Dec 2, 2016, 06:09 PM
Dec 2016

... The way that low-empathy people learn the error of their ways is by taking direct personal hits for their actions. EVERYONE who voted for Trump is someone who doesn't let the pain of others distract them from what they personally want. They all need the lessons they sleep through in church.

We'll be seeing hundreds of the "now I understand" stories when their Social Security is pushed into the markets and then short-sold and stolen, when they can't afford gas to get to their shitty jobs, when their Medicare is stolen and their insurance companies drop them, when their children ship off to war in countries they never knew existed, when the terrorists magically return to US soil, when they're forced to take pay cuts, wage-freezes and layoffs.

There's a part of me that wants to say, "fuck 'em," and another part of me that says, "this is tragic." But there is still another part of me that says, "this is how you teach Nazis not to be Nazis." By letting their own choices raze their lives around them.


rwsanders

(2,585 posts)
55. YOU GOT IT!!!
Sat Dec 3, 2016, 02:08 AM
Dec 2016

I am a Sierra Club member, and while I understand the point of the articles, I get sick of the ones that start with a quote along the lines of "well I used to think environmentalists were just a bunch of whackos" and then the fill in the blank article details how this A$$..le is now concerned because corporation (insert name) wants to dump (insert toxin) in their backyard and they are having trouble fighting them.

GWC58

(2,678 posts)
51. I can't & I wont
Fri Dec 2, 2016, 10:45 PM
Dec 2016

feel anything for them. Actually what I feel is contempt for those that voted for Agent Orange!😡😠

3catwoman3

(23,812 posts)
9. I would be willing to be a few bucks...
Fri Dec 2, 2016, 02:56 PM
Dec 2016

...that very few of DFT's (Donald Fucking Trump) supporters bothered to research anything about him.

3catwoman3

(23,812 posts)
43. Please borrow and share. Spread it far and wide!
Fri Dec 2, 2016, 07:48 PM
Dec 2016

Seeing as I cannot bear to refer to him by the title of the office he is about to occupy, I chose this instead.

Maybe we can make it the DU standard.

cstanleytech

(26,080 posts)
10. I feel no sympathy for her as this is what happens when you vote based on fear and anger without
Fri Dec 2, 2016, 02:57 PM
Dec 2016

bothering to research who you are voting for.

haele

(12,581 posts)
11. That's okay, Teena - you come from a blue state, your vote didn't count...
Fri Dec 2, 2016, 03:09 PM
Dec 2016

However, if you even participated in culture warrior battles to help convince any your red state FB and Twitter family and friends to vote for Trump because, oh, "he was a good christian going to help the working guy and them unborn babies", or pushed the "Crooked Hillary" lie - totally ignoring Trump's history that was out there in the open for anyone could find with a little bit of effort, or cheerlead or followed the KKK and other White Nationalists prancing around blowing their racist dog-whistles, then maybe you should feel just a "teensy" bit guilty.

But don't worry your empty little head about your predicament. You'll be much better off than your friends and families in states that won't protect their safety nets...

Haele

 

FarCenter

(19,429 posts)
13. She was trying to make big money in real estate -- must have bought the video
Fri Dec 2, 2016, 03:21 PM
Dec 2016
In 1998, she bought a triplex for $248,000 in Hawthorne, California, not too far from Los Angeles International Airport.

She rented out two of the units and lived in the third. Colebrook refinanced her mortgage in order to renovate the property and help buy additional homes to generate rental income.

By the time the financial crisis struck in 2008, she had an interest-only mortgage on the triplex known as a “pick-a-payment” loan. Her monthly payments ran as high as $2,000 and only covered the interest on the debt. Then she got ensnarled in the economic downturn.

“All my tenants lost their jobs in the crash,” Colebrook said. “They couldn’t pay. It was a knock-on effect.”


So these are not first mortgages for money purchase of the borrower's home. She was trying to get rich quick in real estate by leveraging up a series of purchases.

LisaM

(27,758 posts)
22. Yeah, that caught my attention too.
Fri Dec 2, 2016, 04:15 PM
Dec 2016

I don't know the details of her foreclosure battle, but it does sound as if she was into speculation, albeit in a very small way. And I think this is typical of a certain type of Trump voter.

 

FarCenter

(19,429 posts)
54. If the bank couldn't seize the home to pay off the mortgage, why would the bank lend?
Sat Dec 3, 2016, 12:28 AM
Dec 2016

In states like California, the real estate is the only security for the mortgage. The bank cannot garnishee the lenders wages or sue the borrower for the amount of the loan.

MontanaMama

(23,238 posts)
15. Seriously time to cull the herd.
Fri Dec 2, 2016, 03:39 PM
Dec 2016

I am over these idiots. Let them start their own country in Dumbfuckistan.

Solly Mack

(90,740 posts)
20. Trump made her feel good. That's all he did for her. She enjoyed those happy feelings.
Fri Dec 2, 2016, 04:04 PM
Dec 2016

She didn't bother thinking beyond that happy feeling.

But we're scolded for having contempt for those who'd rather feel good about it all than actually research the facts themselves.

Maybe now she'll bother to see the obvious instead of merely being enthralled by the words.

I doubt it, but maybe.


Dave Starsky

(5,914 posts)
21. I can't sympathize with the willfully ignorant.
Fri Dec 2, 2016, 04:05 PM
Dec 2016

I feel sorry for people who honestly weren't aware that they were supporting the most successful con artist in American history. Maybe they don't have access to the Internet or education above a sixth grade level, and so they didn't receive or understand the warnings that were provided to them every single day from every source of information out there.

But I have no sympathy for those that know better but discount the truth or choose not to believe it. The truth is dangling in their face, but they reject it anyway, because it conflicts with their own prejudices.

lagomorph777

(30,613 posts)
24. We will all suffer, but somehow this does make me feel a little better
Fri Dec 2, 2016, 04:31 PM
Dec 2016

to know that the Trumpkins will be punished along with the rest of us.

CountAllVotes

(20,854 posts)
47. When a retired female judge was confronted ...
Fri Dec 2, 2016, 09:44 PM
Dec 2016

She wanted tRump. It mattered not to her that he is endorsed by the likes of D. Duke and the KKK. Maybe she secretly likes this fact.

Sad as all hell and some judge!

& welcome to the DU btw!





Kathy M

(1,242 posts)
23. Teena should not have been surprised Trump named Mnuchin Treasuey
Fri Dec 2, 2016, 04:29 PM
Dec 2016

Secretary since Trump named Mnuchin National Finance Chairman to his campaign in May of 2016 .

JI7

(89,172 posts)
31. don't be sorry. things are posted more than once all the time
Fri Dec 2, 2016, 04:49 PM
Dec 2016

Usually it's things attacking democrats.

This should be posted mamy more times.

MADem

(135,425 posts)
41. Does it pain you in some way? Good grief, there's a little X you
Fri Dec 2, 2016, 06:10 PM
Dec 2016

can punch to HIDE THREAD. Why not do that instead of griping? This is the first time I've seen this story--I might have missed it had someone not been kind enough to slap it up on a fast-moving board.

We're not rationed in terms of alloted bytes. Really, it's "OK" if something gets posted more than once.

Response to MADem (Reply #41)

Politicub

(12,163 posts)
32. The stupid - it hurts
Fri Dec 2, 2016, 05:03 PM
Dec 2016

Oh my gawd. Such an idiot. And the worst part? We all suffer because of her and people like her.

I mean, seriously. When you vote for a rich (or seemingly rich) asshole, what do you think is going to happen? Trump wants admiration of other rich assholes. He doesn't give a damn about the little people.

dembat

(47 posts)
35. dembat
Fri Dec 2, 2016, 05:14 PM
Dec 2016

This is what happens when you believe a liar, and an accused woman grouper, I have no sympathy for her. It will continue.

bpositive

(423 posts)
37. Not sure how to feel
Fri Dec 2, 2016, 05:51 PM
Dec 2016

On one hand I feel bad but on the other I want to say next time maybe you should educate yourself before picking a terrible candidate.

MADem

(135,425 posts)
39. Stupid is as stupid does. I am having a hard time feeling sorry for this person.
Fri Dec 2, 2016, 06:07 PM
Dec 2016

She's a total frog, and Trump is a total scorpion.

hamsterjill

(15,214 posts)
44. It's a little too late to do the right thing now.
Fri Dec 2, 2016, 08:28 PM
Dec 2016

That old Tanya Tucker song...

I have zero sympathy for anyone who voted for Trump. Because their ignorance is going to cost ALL of us dearly.

 

SubjectiveLife78

(67 posts)
58. I don't think it would've mattered who she voted for in this case
Sat Dec 3, 2016, 08:23 AM
Dec 2016
In 1998, she bought a triplex for $248,000 in Hawthorne, California, not too far from Los Angeles International Airport.

She rented out two of the units and lived in the third. Colebrook refinanced her mortgage in order to renovate the property and help buy additional homes to generate rental income.

By the time the financial crisis struck in 2008, she had an interest-only mortgage on the triplex known as a “pick-a-payment” loan. Her monthly payments ran as high as $2,000 and only covered the interest on the debt. Then she got ensnarled in the economic downturn.

“All my tenants lost their jobs in the crash,” Colebrook said. “They couldn’t pay. It was a knock-on effect.”


I doubt anyone was going to change what happened to her home/rental properties/interest only payments. Easy money makes people do dumb things. Whether that's people at the banks, or individual people looking to make a quick buck.

Want a house? Buy a house. Buy a triplex, rent it out, and buy more homes? Should probably have money other than the rental income to sustain that.

BigDemVoter

(4,149 posts)
60. Oh well. I wish I could say I was sorry.
Sat Dec 3, 2016, 09:32 PM
Dec 2016

But I'm a LOT more worried about the people who voted for HRC. They did NOT ask for it.

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