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Thanks to Lewie Ranieri, Many Americans Who Were Facing Foreclosure Still Have a Home
Oleh:
Tully, Shawn
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 160 no. 11 (Dec. 2009)
,
page 66.
Topik:
Lewie Ranieri
;
Mortgage
;
Home
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.42
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Lounging in his giant conference room in an otherwise bland office suite near Long Island's Nassau Coliseum, Lewis Ranieri cultivates the image of a worldly philosopher. The 62-year-old financier prides himself on being a big thinker who conjures elegant solutions to epic problems. And the evidence of his searching intellect is spread all over this room, which doubles as a sort of museum for his collection of precious relics. Framed mid-19th-century letters from poets Robert Browning and Alfred, Lord Tennyson, hang on the walls, three Remington statues rest on pedestals, and a marble bust of Benjamin Franklin sits in the corner. But the most space by far is devoted to the figure Ranieri calls his greatest hero -- Abraham Lincoln. On display are a dozen items of rare Lincoln memorabilia, including a bronze likeness of the Great Emancipator, his handwritten letter naming Gen. Ulysses S. Grant as the commander of the Union army, and even a debt-collection notice to Lincoln from a Charleston cotton merchant. Okay, it's a stretch to connect the earthy Brooklyn-born private equity investor and powerboat enthusiast to the giant who freed the slaves. Still, Ranieri clearly draws inspiration from his idol. And in his own way he's trying to do his patriotic duty. The problem that Ranieri is now addressing is the No. 1 roadblock to America's economic recovery: the mortgage crisis. 0:00 /2:06A rare case of mortgage reduction To solve it, Ranieri is combining what he describes as a Lincolnesque dedication to helping the little guy with a technical expertise honed handling home loans "since the beginning of the world." "Lincoln spent nights concocting ways to pardon soldiers and perform good deeds for widows," intones Ranieri, clad this day in pink shirt and chinos, with a BlackBerry holstered to his hip. "I'm willing to do what the banks and government won't -- the manual labor to help struggling homeowners. It's cathartic for me."
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