Daily Show – Mortgage Bankers Association strategically defaults

[Rich Toscano]

Sorry if this has been posted; just came across my desk. Hilarious and unreal:

http://www.thedailyshow.com/watch/thu-october-7-2010/mortgage-bankers-association-strategic-default

[davelj]

Hysterical. And yet, predictable. It’s perfect, really – the MBA decides to buy a building at the height of the bubble and then when membership drops like a lead zeppelin, they default. What business does a professional association have BUYING a fucking building in the first place? It’s ludicrous. What a bunch of total douchebags. Whoever was involved in the decision to buy the building should be unceremoniously shit-canned. And then flogged in public.

[davelj]

Hysterical. And yet, predictable. It’s perfect, really – the MBA decides to buy a building at the height of the bubble and then when membership drops like a lead zeppelin, they default. What business does a professional association have BUYING a fucking building in the first place? It’s ludicrous. What a bunch of total douchebags. Whoever was involved in the decision to buy the building should be unceremoniously shit-canned. And then flogged in public.

[davelj]

Hysterical. And yet, predictable. It’s perfect, really – the MBA decides to buy a building at the height of the bubble and then when membership drops like a lead zeppelin, they default. What business does a professional association have BUYING a fucking building in the first place? It’s ludicrous. What a bunch of total douchebags. Whoever was involved in the decision to buy the building should be unceremoniously shit-canned. And then flogged in public.

[davelj]

Hysterical. And yet, predictable. It’s perfect, really – the MBA decides to buy a building at the height of the bubble and then when membership drops like a lead zeppelin, they default. What business does a professional association have BUYING a fucking building in the first place? It’s ludicrous. What a bunch of total douchebags. Whoever was involved in the decision to buy the building should be unceremoniously shit-canned. And then flogged in public.

[davelj]

Hysterical. And yet, predictable. It’s perfect, really – the MBA decides to buy a building at the height of the bubble and then when membership drops like a lead zeppelin, they default. What business does a professional association have BUYING a fucking building in the first place? It’s ludicrous. What a bunch of total douchebags. Whoever was involved in the decision to buy the building should be unceremoniously shit-canned. And then flogged in public.

[jpinpb]

That was truly hilarious. Thanks for sharing it, Rich.

[jpinpb]

That was truly hilarious. Thanks for sharing it, Rich.

[jpinpb]

That was truly hilarious. Thanks for sharing it, Rich.

[jpinpb]

That was truly hilarious. Thanks for sharing it, Rich.

[jpinpb]

That was truly hilarious. Thanks for sharing it, Rich.

[urbanrealtor]

[quote=davelj]Hysterical. And yet, predictable. It’s perfect, really – the MBA decides to buy a building at the height of the bubble and then when membership drops like a lead zeppelin, they default. What business does a professional association have BUYING a fucking building in the first place? It’s ludicrous. What a bunch of total douchebags. Whoever was involved in the decision to buy the building should be unceremoniously shit-canned. And then flogged in public.[/quote]

Well why throw away money on rent when you can buy?

I think they made a good strategic decision to buy and invest in their future.

Also, defaulting is just immoral for individuals.

However, this is company and this is just business consideration.

Excuse me I just threw up a little in my mouth.

[urbanrealtor]

[quote=davelj]Hysterical. And yet, predictable. It’s perfect, really – the MBA decides to buy a building at the height of the bubble and then when membership drops like a lead zeppelin, they default. What business does a professional association have BUYING a fucking building in the first place? It’s ludicrous. What a bunch of total douchebags. Whoever was involved in the decision to buy the building should be unceremoniously shit-canned. And then flogged in public.[/quote]

Well why throw away money on rent when you can buy?

I think they made a good strategic decision to buy and invest in their future.

Also, defaulting is just immoral for individuals.

However, this is company and this is just business consideration.

Excuse me I just threw up a little in my mouth.

[urbanrealtor]

[quote=davelj]Hysterical. And yet, predictable. It’s perfect, really – the MBA decides to buy a building at the height of the bubble and then when membership drops like a lead zeppelin, they default. What business does a professional association have BUYING a fucking building in the first place? It’s ludicrous. What a bunch of total douchebags. Whoever was involved in the decision to buy the building should be unceremoniously shit-canned. And then flogged in public.[/quote]

Well why throw away money on rent when you can buy?

I think they made a good strategic decision to buy and invest in their future.

Also, defaulting is just immoral for individuals.

However, this is company and this is just business consideration.

Excuse me I just threw up a little in my mouth.

[urbanrealtor]

[quote=davelj]Hysterical. And yet, predictable. It’s perfect, really – the MBA decides to buy a building at the height of the bubble and then when membership drops like a lead zeppelin, they default. What business does a professional association have BUYING a fucking building in the first place? It’s ludicrous. What a bunch of total douchebags. Whoever was involved in the decision to buy the building should be unceremoniously shit-canned. And then flogged in public.[/quote]

Well why throw away money on rent when you can buy?

I think they made a good strategic decision to buy and invest in their future.

Also, defaulting is just immoral for individuals.

However, this is company and this is just business consideration.

Excuse me I just threw up a little in my mouth.

[Author]

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