If your twenty-something mortgage broker is hanging out with b-list celebrities and buying thousand dollar bottles of Cristal between deals, don’t sign the contract.
I learned this and other entertaining tips from the recent This American Life episode on the housing crisis, which delves into the story behind the economic mess we find ourselves in now, and finally it starts to make sense.
Leave it to TAL to turn subprime mortgages and collateralized debt obligations into riveting radio.
