Saturday, September 7, 2019

Bill Pulte Sucks TARP & Data With Jack Dorsey

Gather round, my Dearies, for the Celestial Goddess of the Woodshed shall tell the tale of why Bill  Pulte Sucks.

Once upon a time, Bill Pulte sold all his self made mortgages, like right before the housing foreclosure crisis, where Detroit was top of the list of cities to collapse.

The Emergency Manager Kevyn Orr came in and implemented the TARP stealin' system in Detroit.

Bill Pulte got together with Dan Gilbert and set up the Detroit Blight Authority, but forgot to file for incorporation or get an LLC.

Pulte was mean to my Sweetie because he lied but he got lots and lots of money from TARP.

So, Mike Duggan snatched the Detroit Blight Authority from Pulte, who changed the name to The Blight Authority and moved to Pontiac.

The Blight Auhority
Mike Duggan took over the Blight Demolition Program through the Detroit Land Bank Authority, which never incorporated, but the LLC was dissolved by Bill *Smooches* Schuette, the Former Michigan Attorney General, and ended up in an ongoing SIGTARP investigation.

Then, Bill Pulte hooked up with Jack Dorsey to run another TARP gerrymandering scam in St. Louis.

And that ends my tale of why Bill Pulte Sucks.

Defango has another tale of why Bill Pulte Sucks.

Who is Bill Pulte? He's the Grandson Of Real Estate Magnate Is Trending On Twitter For Giving Out $100,000 and more. He's connected to one of the biggest housing builders in the United States with a rather unsavory reputation. Deep Diving into the money give away is only part of the puzzle of what is going on here. Did you know you have to pay 10 bucks to become a Teammate to collect if you win the prize? How about the horror stories off all the people talking about getting blocked by him for speaking up.


Pulte, Twitter co-founder Dorsey take blight removal effort to St. Louis

Businessmen connect over social media platform
Both men contributed for the roughly $500,000 effort in St. Louis
Pulte also running direct giving campaign on Twitter.

Bill Pulte & Jack Dorsey
Bill Pulte (left) is taking his Blight Authority program to Twitter CEO's hometown of St. Louis. The men connected on the social media platform.

Bill Pulte's blight removal efforts are getting the help of Twitter co-founder and CEO Jack Dorsey in St. Louis.

Pulte, managing partner of Pontiac-based Pulte Capital Partners LLC and grandson of the late homebuilding legend William J. Pulte, is using his Pontiac-based Blight Authority nonprofit to eliminate blight on more than 150 properties in the Wells-Goodfellow neighborhood in St. Louis along with Dorsey, a native of the city.

"I got connected with him and he seems like he really wants to give back and he was very interested in the blight work we have done in Detroit and Pontiac," Pulte said Thursday. "He and I had a conversation, and I said, 'What about St. Louis?' Without hesitation, Jack was like, 'Let's do it.'"

A formal announcement is expected Friday.

Both men contributed to the Blight Authority for the roughly $500,000 effort after being connected over Dorsey's social media platform, Pulte said.

Demolition in St. Louis has begun and Pulte said he believes "a significant amount" should be done by the end of the day Friday.

The efforts in St. Louis model the work Pulte has done in Pontiac and, earlier, Detroit.

In those cities, primarily Pontiac, the cost of blight removal was lowered because the Blight Authority would target heavily blighted areas and clear it all out at once, achieving economies of scale and reducing costs.

Pulte, whose blight removal efforts in Detroit began in 2013, stopped doing demolition work in the city at the request of officials there and in 2014 started working in Pontiac.

In November, Pulte and Pontiac and Oakland County officials said residential blight in the county seat is expected to be eliminated by the end of this year. At that time, there were 99 homes left to be demolished out of the 916 when the effort started. It cost about $12,400 per home to demolish, putting the project at about $10 million currently.

Pulte, 31, has long talked about expanding the blight removal efforts to other cities around the country, including Chicago, Baltimore, Atlanta, Miami and several in Ohio.

The St. Louis Post-Dispatch reported Friday that there are "some 7,000 vacant buildings, most beyond repair, and over 10,000 vacant lots" in the city of about 300,000.

Dorsey co-founded Twitter (NYSE: TWTR) in San Francisco in 2006 and it has a market capitalization of $28.95 billion. Dorsey is worth $5.7 billion, according to Forbes. Dorsey is also a co-founder of Square, a mobile payment company.

Twitter philanthropy
Pulte has also made news recently for his direct giving on Twitter.

Last week, he announced that he would give away $100,000 by the end of the year.

Almost immediately after that, President Donald Trump retweeted Pulte's pledge to give $30,000 to a veteran with a presidential retweet.

On Friday, Pulte honored that pledge by giving a $20,000 Chevrolet Trax and $10,000 in cash to a veteran in need of a vehicle.

He has also made appearances on Fox News and been pledging donations in exchange for retweets by celebrities including Kim Kardashian, Kanye West and others.

"I'm well over $40,000," he said of his giving.

Pulte also said his campaign has spurred other people to donate in amounts small and large on Twitter.

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