Open Forum (7/14-7/20)Posted on Monday, July 14th, 2008 at 3:47am.
There's nothing like a fundamental threat to the 70-year-old structure of the mortgage industry to generate lots of chatter and increasingly polarized opinions. In response to Sunday's move by the Fed, we particularly liked this quote:
It's outrageous. It's offensive. Welcome to the socialist state. In capitalism, winners are supposed to reap rewards and losers are supposed to take losses for bad risk management. These are private companies.That's Josh Rosner, managing director at Graham Fisher in New York, in this Reuters story, and not, as you might have guessed, Ron Paul.
Hmmm, those colors look sorta familiar. Nah, not going there.
There's plenty of other news to dig into, plus personalities on parade. Keep it clean.
comments powered by Disqus