Tax Rebate Incentive Checks

[Alex]

I listened to it as well, not many quibbles beyond the fact that I don't think it'll actually be understood in detail for years to come. Just as the "closing bell" reports that tell you why the Dow was up 8 points are just made up because there are too many factors to really sort them out, nobody ever does a really good job of explaining the economic conditions they are inside.

One gloss over they did that bothered me a bit is when they talked about the fraudulent income representation where the loan documents said that the former military guy was making $16,000/month when it was more like $5,000. And he said he had no idea that was what was claimed.

I'd have liked to seen that commented on because it either means the guy was lying or he didn't even read his loan documents (even after he got in trouble and began looking for a way to negotiate a better mortgage). It didn't need to be harped on, but in that short bit all of the fraud motive was put on the mortgage broker and I strongly suspect it was shared.