Remember the founders of the Center for Responsible Lending? Those subprime-mortgage billionaires Herb and Marion Sandler, the “people who should be shot”?
The “responsible” Sandlers got rich selling out the little guy, then pressured NBC into editing the online archive of a “Saturday Night Live” sketch that body-slammed their profiteering with a subtitle suggesting that, well … they “should be shot.” NBC has apparently also removed references to the Sandlers from the sketch as it airs in SNL reruns. You know — those Sandlers. The ones who should be shot.
Well, apparently the Sandlers (who, by the way, totally should be shot) weren’t done throwing their weight around.
The New York Times has quietly “corrected” the headline of its page-A1 Christmas Day feature on the Sandlers. The story was originally called “Once trusted mortgage pioneers, now pariahs.” (It’s still intact at the Times‘ European affiliate paper, the International Herald Tribune.) But in New York, “pariahs” has been changed to “scrutinized.”
The Times dissembles explains:
A headline on Dec. 25 with an article about Herbert and Marion Sandler, bankers and philanthropists whose World Savings Bank originated a type of adjustable-rate mortgage called Pick-a-Pay that has led to many foreclosures as the real estate market and the economy collapsed, described incorrectly the consequences to the Sandlers of the criminal and legal investigations of the practices of the bank, which they sold to Wachovia in 2006. As the article noted, the Sandlers were once trusted mortgage pioneers and now face scrutiny, but they are not “pariahs.”
ORLY?
pa⋅ri⋅ah
/pəˈraɪə/ [puh-rahy-uh] –noun
- an outcast.
- any person or animal that is generally despised or avoided.
- (initial capital letter) a member of a low caste in southern India and Burma.
I’m not saying these loan sharks (who should be shot) are from India or Burma. But if they’re not pariahs, Oprah’s a size-six vegetarian Republican.
I’ve never heard of the Times correcting a page-A1 headline before. Factual errors, yes. But a headline? I’m sure it has nothing to do with the fact that Times Managing Editor Jill Abramson sits on the Journalism Advisory Board of ProPublica, a journalism “integrity” charity founded and bankrolled by Herb Sandler …
… who should be shot.
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not only should these people be shot but they should also have their money invested with madoff….ugh…
No, they should have to live in poverty – like the people they screwed.
Oh, and maybe have their assets sold off to repay the people who lost their money. And then be jailed. They aren’t the only people who should have to pay for screwing the American investors.
Who knew the NY Times was bought and paid for…oh wait, EVERYONE knows that!
When they are done shooting them they need to turn the gun on Barney Frank and Chuck Schumer.
The Sandlers are big George Soros supporters. Surprise anyone?
I don’t agree with what these people did, the lies they spew forth, or the preditory lending practices. However, no one should hear/see on tv – even as a joke – they should be shot.
There are a lot worse out there and you never saw SNL making that kind of “joke”.
Hey remember when SNL was funny? Yeah neither do I.
Holy cow, when you have billions (whether ill-gotten or not), you can buy anything. What a nice Christmas gift for the Sandlers. I wonder how the author of the article enjoyed having that word change shoved down his/her throat?
The Times needs the money people! If only the Seattle Post Intelligencer and Chicago Tribune had written critical articles about the Sandlers then they could’ve gotten bought off as well.
SNL was funny…back in the days of Ackroyd – Belushi – Chase – Curtin et al.
I wonder when the Sandlers will throw their weight in getting this post corrected? They never sold subprime mortgages…apparently you didn’t even read the NYT piece that you talk about.