I wanted to make sure we got the link up to last Sunday's piece by Jim Rokakis in The Washington Post. What's happening right now in Cleveland and in Cuyahoga County is an exceptional and aggravated example of a national plague of parasitism, as lenders, servicers, attorneys, brokers, and investment bankers descend on cities to capture decades of equity to which they are not entitled. Our friend Jim is a strong, clear voice, and he's also a good storyteller. We're going to have lots of similar stories to tell as this foreclosure farce unwinds. Stay tuned.
Jim was talking about this problem a good few months ago when we talked to him in a MeetTheBloggers session. Check it out.
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