Still needed is regulation of yield-spread premiums — cash rebates paid to third-party brokers as a kind of reward for funneling unsuspecting consumers into higher-rate loans
-Rich Cordray, Ohio Candidate For Attorney General, Demonstrating for the record his utter lack of understanding of how real estate financing works.
That is in my inbox. Enough to make any broker mad. And, while I’ve responded to the industry requisite “spam your congressman,” and occasional political action calls, I have never been as ready to fight as after I was reading that. Cordray enjoys a congenial reputation, but I can’t stand willful ignorance.
Rich Cordray is the anointed Democrat who is in line to succeed disgraced (also Democratic) Ohio Attorney General Marc Dann (the link is precious). There is a Republican running, but he’s even referred to himself as the sacrificial lamb of the Republican party.
This email was sent from my friend Jeremiah. One of his small “l” libertarian buddies, Robert Owens got drafted by the Ohio Liberty Movement. Would I pitch in to stop the madness? Would I give my time energy and effort to a longshot race? Hell yes.
I’ve regarded politics as an onastically futile pursuit, someone must do something. And I’ve got the time, the interest, and hopefully, the acumen. I’m responsible for creating a social media and blogging plan to raise enough money to compete. We want our electorate to be especially cognizant of the anti business positions of our candidates. Oh, and the candidate? His biggest issues are following the constitution, and having transparency in government.
So, I’ve got a few weeks (80 days, which is 11.4 weeks) to come up with a plan to get enough money to be viable, to get the funds to keep our professional campaign staff in the hunt, and to fight, fight, and fight some more. Can I successfully apply the lessons I’ve learned over the last 9 months to this fight? All eyes are on me as I’m the one Read more