Do you know about - Angry Man Screams at Foreclosure Hearing
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Angry Man Screams at Foreclosure Hearing Video Clips. Duration : 0.97 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Free Stock Quotes . No Associated Press content was harmed in the writing of this post On Tuesday Prairie Weather linked to this episode of the Diane Rehm show on the foreclosure crisis. Representing the mortgage industry was Tom Deutsch of the American Securitization Forum, and his oily insincerity positively oozed out of my speakers. Along with Greg Ip of The Economist (who seemed very sympathetic) they nicely summarized the industry's position. It goes something like this: There were a few rogue operators who rushed through some bureaucratic formalities during foreclosure. Nevertheless the homeowners in question are in default. Therefore, the proceedings are all proper; we just need to correct the paperwork and roust the deadbeats. One theme that runs through such commentary is the remarkably cavalier attitude towards the consequences of foreclosure. Consider these astoundingly inapt analogies used to compare to a family losing its home. Deutsch: "You know, if you go to the grocery store, and you're buying your groceries. And they accidentally overcharge you 50 cents for your milk, you don't just say, well, you know what, let's just stop everything and figure out whether these scanners nationwide are working or not." Ip: "I used to cover the stock market, Diane, and I -- it was basically a rule of stock market that if I sold -- you know, stock trades get fumbled all the time. You said 16. No, you said 60. And the basic rules that nobody contested unless they actually ended up losing money ...
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