Mortgage Modification is Really Job Stimulus:

There is much serious commentary about my column in the WSJ yesterday, but this is an amusing one I received:

Thank you for your excellent & long overdue editorial in today’s WSJ. However, as a real estate appraiser who specializes exclusively in litigation, Conyer’s bill would enable me to equate the bankruptcy court with an annuity.

So as I replied to him–the way to think about bankruptcy mortgage modification is really as part of the job stimulus plan by creating jobs for appraisers!

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