I saw a video of Bruce Marks from about a year ago now, where at a conference on the mortgage crisis a renter who said he was unable to purchase a home because prices got so out of whack asked Marks why he should have to bail out the guy who lied on a loan application, and now can’t make his payment?
Amidst the cheers in the audience for their opposition to a bailout, Marks’ reply was something like if you talk to your friends and family you will probably find out those facing foreclosure are a lot closer to you than you think.
