Sunday, February 22, 2009

Foreclosures: We Needed More Lawyers?

This past week, I heard a talking empty head (i.e. television analyst) complaining about President Obama's mortgage rescue plan bailing out people who faced foreclosure . He wanted to know why the rest of us should have to help people who made bad decisions. When the host said that some of these people were duped into taking these loans, the talking empty head was astounded. He couldn't understand. Didn't these people have their lawyers look over these loan contracts? This guy then asked the host something like, "Did you ever buy a piece of property where you didn't have your lawyer check everything?" The host said "No" when he should have told the guy he was an out-of-touch idiot.

It might be a better world if we all had lawyers who could look over our shoulders and check all our decisions. What do you think?

No comments: