I've not heard this perspective before, James, and appreciate the time you took in explaining it. I'm an attorney and admit I didn't read the volumes of documents I signed for my closing. No ARM and am fine, but if I don't (and likely still wouldn't have understood them, not being in real estate practice...) who does get them? And I'm willing to admit I had trusted the process, given all the documents I signed. Great comment. And thanks as well for stopping those other closings. Appreciate your honesty.
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Other reader comments on this article
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Date
George Bush has always been a wimp. He wimped out on election finance, farm bills, etc. Just about anything having... [MORE]
Scott
Dec 13, 2007 00:29
I could pay my mortgage easily if my property taxes hadn't tripled in the last 4 years. Why do my... [MORE]
John
Dec 12, 2007 12:40
Would you please either become POTUS or the "most trusted advisor" to the next one? [MORE]
Diane Williams
Dec 12, 2007 09:49
Dear Mark,
I agree totally with your comments. A bail out is a bad idea. However, I have a different critical... [MORE]
Jim Anderson
Dec 12, 2007 04:07
I've not heard this perspective before, James, and appreciate the time you took in explaining it. I'm an attorney and...
Erin
Dec 12, 2007 15:43
Mr. Anderson is right on. We are going to get strangled in meaningless regulation. I'm an ex-lawyer, but I didn't... [MORE]
Mark Greenstein
Dec 15, 2007 21:38
Mr. Steyne forgets he supported Bush in 2000 and 2004. He said Gore or Kerry would be a disaster for... [MORE]
Brenda
Dec 12, 2007 03:46
I have bought three houses in my lifetime. I had a 20% down payment, took a 15 year fixed mortgage.... [MORE]
Sandra W. Hook
Dec 11, 2007 16:15
People who follow Jim Kramer can vividly rmemeber his 'melt-down' -'they no nothing' rant.
Jim was quick to cite the people... [MORE]
mark
Dec 11, 2007 15:13
let sweeping generalisations and unfounded prejudice get in the way of sweeping generalisations and unfounded prejudice. [MORE]
A Grant
Dec 11, 2007 11:10
Mr. Steyn and several others are claiming that this plan violates the sanctity of contracts and that investors will be... [MORE]
Dan
Dec 11, 2007 10:25
Bush has not been a fiscal conservative. We need a whole lot less government intrusion and bureaucracy .Now the risk-reward... [MORE]
chuck higgins
Dec 11, 2007 08:24
I don't think the curent administration cares a whit about the individuals in foreclosure. I would think that the Bushies... [MORE]
bob abrams
Dec 12, 2007 00:06
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