Thursday, October 23, 2008

Karl Rove Or Streakers?

I would pick “inebriated and naked bankers” over Karl Rove any day of the year. No contest.

On second thought, screw all of them. I’m not very happy with mortgage bankers these days either.

From Protests and Hecklers Have Mortgage Bankers Longing for Good Old Days by Jesse McKinley:

It was just another business-as-usual day at the annual convention of the nation’s mortgage bankers: a few panels, a few presentations and an attempted abduction of Karl Rove.

Mr. Rove, the Republican strategist and former adviser to President Bush, was accosted onstage during a convention panel here on Tuesday morning by a protester who tried to handcuff and arrest him “for treason.” Mr. Rove tried to elbow her away before she was taken offstage.

No one was injured and no arrests were made, but the stage-storming was just the latest outburst at an event that usually packs all the excitement of a mortgage calculator. On Monday, another panel was interrupted by protesters demanding a moratorium on foreclosures, and hecklers screamed at attendees through bullhorns outside.

The convention was booked for San Francisco well before the national mortgage meltdown, the $700 billion bailout and all the recriminations between. But the rancor of the protests and the general malaise in the mortgage business has left more than a few conventioneers, like Gregory B. Lucas, a mortgage broker from Pomona, Calif., fondly remembering the good old days of the industry’s gatherings.

“We had streakers during the 1990s, but that was a joyful, happy thing,” said Mr. Lucas, who had been coming to such events for 20 years and recalled how a group of inebriated and naked bankers had once entertained the crowd. “But now everyone is blaming us for everything.”
Read the rest here.

Maybe if they had kept their clothes on and stayed sober we wouldn’t have had a subprime mortgage meltdown.

1 comments - Post a comment :

Anonymous said...

I read a book called “Mortgage Meltdown” and it really helped me understand that I’m not the only one going through this. I was also able to apply for a grant from a non-profit to help me with my mortgage. I think anyone who is trying to save his or her home, like me, should read this. Go to www.48grant.com

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