Judge Roy Bean - Hang'em High
Image via Wikipedia
Judge Roy Bean is on a roll about the mortgage fraud and those who enabled it:
"Well Squaliforme champion Phil Gramm's mouth finally did him in, which should improve McCain's chances of being elected this fall.
In a typical 'let them eat cake' moment, the Godfather of predatory lending and bank deregulation spoke a partial truth - but it wasn't well crafted enough and revealed the mind-set that permeates the Washington lobby culture.
Gramm will have to go back and suffer in his role at UBS.
Now the Obama campaign needs to step up to the plate and dump Penny Pritzker - legendary former owner of the sup-prime predatory lending squaliforme Superior Bank.
Pritzker and Dworman (the owners) are still handing out multi-million dollar payments every year to the FDIC (part of the deal where no one had to admit any wrongdoing at Superior)."
One of the benefits of blogging is the variety of ideas that you are forced to confront and make a judgment about -even in your own niche field.
Judge Roy Bean is a blogger who I follow because he/she writes about:
"The ocean of the world's financial services industry is home to some of the most dangerous predators and the fraudsters who thrive on the damage they do.The lender's and servicer's power over consumers is unchecked and strengthening as they continue to dominate the legislative agenda and thumb their noses at regulators.
This blog is dedicated to bringing the facts about these companies and the others who prey on their victims to the public."
Ten years ago, such a declaration would have a) never been read, b) been dismissed as mere ranting by most who read, and c) never could make difference.
Now, as ideas move up the chain from F list to C list and eventually, sometimes, gains the attention of an A list blogger, we have a different type of public oversight.
Do I know that Judge Roy Bean is right? Nope, but he/she writes with enough precision that I will follow the ideas and publish them to a larger audience.
And perhaps some blogger, with more traffic, or a combination of us with the same amount of traffic, will be able to publicize interesting ideas that would have gone missing, even 5 years ago.
Comments
The judge is wrong! I already posted on his blog, but the truth is that Dworman didn't pay ANYTHING! The Pritzker Family did the right thing and paid back most of the uninsured funds. check out the facts: http://factsaboutsuperiorbank.blogspot.com/
Posted by: Mer | July 22, 2008 5:37 PM