December 2, 2011

Schumer Absent on Baum/Pillar Closures

The news that Steven Baum Law Firm and Pillar Processing will lay off nearly 700 Western New Yorkers is a huge blow to an economy that has already taken more than its fair share of huge blows. For those unfamiliar with the situation,  Baum, who runs one of the largest foreclosure firms in the country, recently fell out of favor after pictures of employees mocking the homeless during a Halloween party showed up on the Internet. Fannie Mae and Freddie Mac subsequently stopped referring business to the firm, forcing the shut down.

We do not for one second condone the actions of the employees; most of us are very fortunate to have stable employment and a roof over our heads. The actions of the employees was tasteless and insensitive to say the least. They should have been disciplined for the actions and provided sensitivity training in order to gain a better understanding of the difficulties millions of Americans face every day.

The bigger problem is the decision of Freddie Mac and Fannie Mae to pull their business from Baum and Pillar, sending 700 hardworking Western New Yorkers packing just in time for the holidays. This action is reckless and irresponsible, and will severely damage the WNY economy.

And where the fuck is Chuck Schumer? This guy, who manages to find his way in front of a camera with 200 miles of wherever he is, hasn't done a goddamn thing to rectify this problem.

Look....Fannie Mae and Freddie Mac are FEDERAL agencies - Schumer is OUR United States Senator, and supposedly one of the most influential members of Congress. It's time he stop placating Liberal OWS  fakers are start taking real action to address the woeful WNY economy and this blistering decision by Fannie Mae and Freddie Mac to put yet another dagger into the heart of Western New York. Step up or step out, Chuck.

1 comment:

MDM said...

Unfortunately Baum's operation was beyond saving. He had already settled with the Feds for his illegal and unethical business practices (sloppy paperwork, "robo-signing", etc.) but his firm was still being investigated by the NY AG. I think the Buffalo News quoted it best: "The tragedy is that none of this had to occur. Hundreds of people would still have their jobs if the company had simply adhered to the law and showed some respect for those it dealt with." Baum was looking for a quick buck and took a lot of honest, hard-working people down with him.

The halloween photos were simply the icing on the cake.