October 26, 2008
CHUTZPAH, SWEETHART, CHUTZPAH
A friend forwarded this note she got recently from a mortgage broker:
[JBD - the article is now gone from their home page - I found a cached copy, click on the link below].
Go read the plan. It boils down to this - the government should subsidize mortgages so that real estate values will increase, and this will save the market. And they are dead serious about it.
So let me get this straight - the original bubble and the ensuing crisis was caused by the government subsidizing mortgages, and the answer is for the government to do it again?
I know you have to be aggressive to sell mortgages, but this takes the cake. They should all be hiding in rain barrels or wearing disguises instead of lobbying for more of the same.
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Dear XXXXX ,
Amerisave has come up with a plan to protect your home’s value and to save the economy. We are trying to get as much publicity for the plan as possible in the hopes that Washington will take notice. The article is on the home page of www.amerisave.com .
[JBD - the article is now gone from their home page - I found a cached copy, click on the link below].
Please review the article, and if you think it is a good plan, Digg It. Please forward this email to friends and family, and if you have a website link it to www.amerisave.com .
We must all do what we can to get the politicians to act on this plan.
Sincerely,
The Mortgage Broker Guy
We must all do what we can to get the politicians to act on this plan.
Sincerely,
The Mortgage Broker Guy
Go read the plan. It boils down to this - the government should subsidize mortgages so that real estate values will increase, and this will save the market. And they are dead serious about it.
So let me get this straight - the original bubble and the ensuing crisis was caused by the government subsidizing mortgages, and the answer is for the government to do it again?
I know you have to be aggressive to sell mortgages, but this takes the cake. They should all be hiding in rain barrels or wearing disguises instead of lobbying for more of the same.
Posted by: JBD at
05:56 PM
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