Quote:
Originally Posted by PBzeer
Rick, you're priceless. You'll accept the pronouncements of a constitutional lawyer on real estate, but not someone who's had anything to do with the business. Somehow I doubt that any law school offers a degree in closings, or even a major. I suspect, one has to exhibit a slightly greater range of knowledge.
So, you disagree with the assertion that bad debt is at the root of the current financial situation?
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Of course not.. Bad mortgage products are the root cause of this. Frankly, I think we're fortunate to have Secretary Paulson and Ben Bernacke as the people tasked with resolving the crisis.
They will solve it....
This has nothing to do with an attorney who can only make a living closing loans and when that ended became a right wing talk show host. From the knowledge he exhibited in that article, I'm surprised he ever passed a bar exam. Not that morgage knowledge is a requirement..Learning is.