Some Of The Pioneers Of The Banking Collapse

Herb And Marion Sandler.

 

 

 

 

 

 

Jewish Immigrants Make Good In A New Land

 

 

 

 

 

 

Key Players In America's Financial Collapse

Herb Sandler is an American businessman. Together with his wife, Marion Sandler, Herb purchased Golden West Savings and Loan in 1963 and created Golden West Financial Corp, the parent company of World Savings Bank.

In the early 1980's, the Sandlers' World Savings Bank invented the adjustable rate mortgage (ARM), which allows borrowers to defer paying their interest on mortgages. Their bank was sold to Wachovia, which quickly collapsed.

 



 
 
   

 

 

 

 

 

Children Of The Dispora

Both are the products of immigrant Jewish families. He tells how his father, the son of a Russian barber, became a lawyer without even attending college. Her parents were from Krakow. They established a successful hardware store and invested in real estate. 

 

   

 

 

 

 

They Met In The Hamptons

Herb Sandler met Marion Osher through a mutual friend when both were staying in the Hamptons, on Long Island. He was a lawyer and she was a security analyst on Wall Street. "She didn't let me know that" at the time, he recalls. "I just saw a terrific-looking woman."

Herb saw Marion in a bathing suit and it was love.  5

 
   

 

 

 

 

 

Always Referred To As The Sandlers (nee Sandbergs)

The Sandlers were featured in a 60 Minutes segment which focused on a former World Savings employee's account of how the company was breaking the law, and how he brought it to his superiors' attention before the financial meltdown.

Time Magazine, in its issue of February 23, 2009, named Herb and Marion Sandler "One of 25 People to Blame for the Financial Crisis."   5

   

 

 

 

 

 

 

The Sandlers Sold To Wachovia

World Savings was once one of the largest S&Ls in the United States, with assets of almost $80 billion. It was sold in 2006 for $24 billion to Wachovia Bank. The merger was completed in October of 2006. The Sandlers' share was $2.4 billion. 

The Federal Reserve approved the merger with Wells Fargo on October 12, 2008. 3
   



 

 

The Sandlers Portrayed As Shylocks

In a 2008 episode of Saturday Night Live 6, the Sandlers were caricatured as predatory lenders who caused the downfall of Wachovia Bank.9   ,

   
   

 

 

 

 

 

Letting These People Run The Banking System?

You might as well have made John Dillinger a bank inspector. Whether it's the banks, stock houses, medical groups, government agencies, insurance companies, or whatever, you will soon learn these Zionists are really vampires.
 
 

 

 

 

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