The Giant Pool of Money

Monday, June 1, 2015

Kerry wants to propose this to whoever owns the loan, but this brings him to this peculiar problem mortgage owners face now. They have no idea who that is. Richard's loan has been bought, and sold, and resold, and put into one of those pools owned by investors

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http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money

Posted by Otto at 2:11 PM  

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I teach them all the good I can, and recommend them to others from whom I think they will get some moral benefit. And the treasures that the wise men of old have left us in their writings I open and explore with my friends. If we come on any good thing, we extract it, and we set much store on being useful to one another. - Socrates, Memorabilia
 
 
 
What we maintain is that in none of the problems of life can men afford to lose sight of the storehouse bequeathed to them by the ancients. In the complexus of everything which differentiates man from the brute creation, the voice of antiquity must be heard...

-H. Browne, quoted in "Classics and Citizenship" The Classical Quarterly, 1920