A lot of people are having a hard time understanding how the country got into the sub-prime mortgage mess, or even exactly what a “sub-prime mortgage” is. How could so many intelligent, responsible people in housing, banking, finance and government have gotten this so wrong? If you’re are one of these people, this skit may aid your understanding.
Oh, and fans of the Wiley Publishing “Dummies” series, I have nothing to do with them at all. In fact, I’m a big fan.
I am a founding partner at the Boston law firm of Gesmer Updegrove LLP. This blog focuses on my practice areas: IP, business and antitrust law, as well as any other topic (legal or otherwise) that strikes my fancy. I've also tried to make the blog (and my scribd.com page, below), a resource on practice in the Massachusetts state and federal courts.