Monday, January 18, 2016

What won't be read in the News and Record; "Members of Congress Demand Investigation Into Predatory Practices at Warren Buffett’s Clayton Homes"

"He walked them through Clayton-built homes on the lot, then into the sales center, passing a banner and posters promoting one subprime lender: Vanderbilt Mortgage, a Clayton subsidiary. Inside, he handed them a Vanderbilt sales pamphlet.

“Vanderbilt is the only one that finances on the reservation,” he told the women.

His claim, which the women caught on tape, was a lie. And it was illegal.

In minority communities, Clayton’s grip on the lending market verges on monopolistic: Last year, according to federal data, Clayton made 72% of the loans to black people who financed mobile homes.

The company’s in-house lender, Vanderbilt Mortgage, charges minority borrowers substantially higher rates, on average, than their white counterparts. In fact, federal data shows that Vanderbilt typically charges black people who make over $75,000 a year slightly more than white people who make only $35,000.

Ever wonder why the News and Record
didn't report of Greensboro's black population
and police statistics?

Through a spokesperson earlier this month, Buffett declined to discuss racial issues at Clayton Homes..."

Warren Buffett's News and Record 
never 'discussed' racial issues involving Warren Buffett,
as he owns Greensboro's paper of record
and controls the message.

"Yesterday, four members of Congress sent a joint letter to both Richard Cordray, head of the Consumer Financial Protection Bureau, and Loretta Lynch, Attorney General of the United States, demanding an investigation into predatory practices at Warren Buffett’s mobile home unit Clayton Homes.

Think the News and Record
is going to 'discuss' the paper's owner's racial issues
involving stealing from poor minorities?

"At Berkshire’s annual meeting last May, Buffett said he made “no apologies whatsoever” about Clayton’s “exemplary” lending, in response to a question about an earlier Seattle Times story saying that Clayton trapped borrowers into unaffordable loans on depreciating homes."

Berkshire Hathaway's News and Record didn't report how Warren Buffett preys on the poor; Clayton Homes Edition

Greensboro is Corrupt; An Adaptation as our press has been compromised

Greensboro Commercial Real Estate Market Top; "[Roy Carroll] ups stake in downtown with $42M multifamily acquisition"

How Roy Carroll and Greensboro's big landlords make money from poor renters with help from the U.S. Government

From the News and Record's website on May 2, 2014 on Clayton Homes and Warren Buffett