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My promised update from this earlier post:
I re-read the statement of principles, and while I thought I would have a bunch to say on the document with insight, questions, analysis, etc. I feel that any of that would be a waste of time. What I really felt like saying after reading this thing again was:
This is exactly the type of crap you would expect from a presidential candidate. A lot of meetings, a lot of pomp and circumstance, a lot of wasted tax payer money and for what? A document that basically outlines what mortgage companies are already doing. A document with no ability to shape or improve the future of subprime mortgage holders in a tough spot. A totally useless document based on an exercise in waste and public relations.
As a friend’s dad used to say when talking about people and things that lack sustenance, "All foam – no beer." To Chris Dodd – I couldn’t sum up your document any better.
Last 3 posts by Morgan
- Subprime Bananas - June 28th, 2009
- Roubini: No confidence in government exit strategy - June 24th, 2009
- Goldman bonuses largest in firm's 140-year history - June 21st, 2009
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