Redstate

Posted at 4:49pm on May 21, 2008 Did Laura Richardson (D-CA) Abstain on the Mortgage Bailout Vote?

By Erick

Laura Richardson is a California Congresswoman. She's also one of the many reasons the housing industry is collapsing. Congresswoman Richardson, you see, is one of those homeowners who got into a house with no money down and then walked away from her mortgage.

From the Los Angeles Times:

Capitol Weekly reports that newly elected California Congresswoman Laura Richardson walked away from the mortgage on her $535,000 Sacramento home, letting the house slip into foreclosure and disrepair less than two years after she bought it with no money down.

"While being elevated to Congress in a 2007 special election, Richardson apparently stopped making payments on her new Sacramento home, and eventually walked away from it, leaving nearly $600,000 in unpaid loans and fees," the publication reports.

Hey, if you own stock in Washington Mutual, Richardson is screwing you. But on a serious note, did she abstain from voting on the mortgage bailout bill? Will she be able to take advantage of the bill for personal gain?

And ain't this just typical of a Democrat. They buy a house and let it fall apart. Just like they're doing in Congress and to the troops -- just walking away.

Laura Richardson: metaphor for Democrat control.

UPDATE: She did not vote. So, that opens up more questions. Does she now intend to take advantage of the bailout? Did she advocate that others in her caucus vote for it. If so, did she tell them it'd financially benefit her?

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