The Mortgage Crisis

From the UK:

Heard today that even hotdog salesman were selling mortgages in the US. The one that was used as an example had sold 19 mortgages and (surprise!) all lead to foreclosures…

Experts Exchange doesn’t sell mortgages, but they do “sell” answers and it looks promessing when they state “We have over 2.000.000” solutions and a lot of “experts”. However when you look into the over 2.000.000 questions using the search facility, you’ll end up with more than 50% being too old to be relevant (who does care about thousands of DOS, Dbase IV or Lotus 123 solutions?) or the “answer” is a broken link…

In the 2003 moderators conference the owners proclaimed that the quality of the answers should be improved and that posting “google links” should be disencouraged. I guess they stated the same in the 2008 conference, but I have to warn the moderators (and experts) to take no notice of this statement. It’s not supported by the owners, nor the admins and collegue experts can start calling you names when you post a friendly reminder to elaborate more in their comments.

So now the resemblance:
1) Poor housing was sold and the mortgage arranged by persons without knowledge.
2) Poor questions are sold with answers posted by experts …(fill in the blanks)

About Luke Ford

Raised a Seventh-Day Adventist at Avondale College in Australia, Luke Ford moved to California in 1977. He graduated from Placer High School in 1984, reported the news at KAHI/KHYL radio for three years, attended Sierra College and UCLA, was largely bedridden by Chronic Fatigue Syndrome for six years, and converted to Judaism in 1993. From 1997-2007, Luke made his living from blogging. Living by Beverly Hills (Alexander90210.com), he now teaches the Alexander Technique (moving the way the body likes to move). Lessons cost $100 each and last about 45 minutes. In 2011, Luke completed a three-year teaching course at the Alexander Training Institute of Los Angeles. His personal Alexander Technique website is Alexander90210.com. Luke is the author of five books, including: » The Producers: Profiles in Frustration » Yesterday’s News Tomorrow: Inside American Jewish Journalism
This entry was posted in Britain and tagged , , , , , . Bookmark the permalink.