Supporting, Informing & Connecting People in Foreclosure
The Free House Myth - or Reality?
July 20, 2011
Katie Porter posted an interesting viewpoint on the Credit Slips blog this week called theThe Free House Myth. A synopsis of the column points to the fact that the banks may
have bad paper now - but they'll be back. It almost sounded like Katie had been drinking Kool-Aid with RCO when she stated in her closing line, "[T]he free house is political handwringing, not legal reality."
Porter came under fire by no less than (my personal favorite) Adam J. Levitin, Professor of Law at Georgetown University. Professor Levitin has provided significant testimony before Congress and has dissected the Wall Street securitization scheme that collapsed our economy. Professor Levitin posted his comments to politely debunk Porter's 'no free house' viewpoint...