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Whalen Interview, 10/23/10

By Implode-Explode Heavy Industries

Some great stuff in this; (paraphrasing) "You have to get rid of the para-statal entities, the GSEs and the Fed. They are anti-democratic and predatory. They are harming those they are supposed to benefit the most. You have to liquidate them". Whalen also gives some remarks of counter-spin on the foreclosure crisis (we think he is a bit breezy regarding the legitimacy of MERS, however, but maybe he is right in that somehow UCC justifies MERS, even though it makes contradictory representations about itself).

Full post as published by Mortgage Lender Implode-o-Meter on October 27, 2010 (boomark / email).