...from their mortgages they're reviled as immoral, thieves and worse. A respected economist who says it make good financial self-interest for such homeowners to do soin some cases is castigated as worse than a seal-clubbing hitler.
<http://tinyurl.com/ya3488g> <http://tinyurl.com/y8oub8w> "Lewis Ranieri, CEO of several major mortgage-related companies and one of the pioneers of the mortgage-securities industry, called White's entire argument "incredibly irresponsible and misinformed." Not only is the professor urging consumers to break legally binding contracts, said Ranieri, but if large numbers did so it would send home mortgage rates soaring and "tear apart the very basis" upon which mortgage lending rests — the understanding that borrowers will honor their commitments and pay back the money they borrowed." But hey, it's just 'bidness as usual' when a corporate person does it. <http://tinyurl.com/yazhbm3> Orwell was right..some people ARE more equal than others... -- Bruce Johnson University of Arizona College of Pharmacy Information Technology Group Institutions do not have opinions, merely customs -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
