I can’t decide what was more troublesome yesterday: the
comically uninformed questions put to Big Ben regarding
mortgage rates, or the comically inaccurate article
printed by CNBC on the same subject. Whatever the case, the media is
awash with analysts, experts, officials, and laypersons offering rather
strong opinions on a subject about which they have such a painfully
shallow understanding.
I’m more concerned with something that no one has really talked about
yet: the lack of understanding of our mortgage
problems…