AZ Real Estate Commentary

CNBC Panel Freaks Out At The Suggestion That Predatory Lending Happened At Any Time. . . EVER! (Video)

CJR's Ryan Chittum posts this great video of CNBC anchor-droids just straight up losing their minds the moment Janet Tavakoli, president of Tavakoli Structured Finance, dares to suggest that predatory lending ever existed on the Planet Earth.

Tavakoli even moderates her comment, telling the other CNBC boxes that there is "plenty of blame to go around" in the housing crisis, but no matter! As soon as she reports that people "were preyed upon," Larry Kudlow and Melissa Francis just go nuts, pretending as if the entire lending industry was not "set up to be more profitable when loans fail." And check out Tavakoli's blog, in which she brilliantly dissects the absurdity of her co-panelists' arguments on the show.

Source: HuffingtonPost.com


Posted by Ron Stalzer on March 10th, 2010 5:50 PMPost a Comment (0)

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Ron Stalzer is an Appraiser and REALTOR, earning the prestigious RAA designation


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