Date: Sun, Feb 6, 2011 at 3:40 PM
Subject: The Foreclosure "Industry"
To: ReporterNotebook <RePorterNoteBook@gmail.com>
It is said that Gerald Ford, upon learning that President Nixon kept a list of his enemies, remarked: "Any man who has to keep a list of his enemies has too many enemies."
It strikes me that the term "enemies list" is something of an oxymoron, for if someone needs a list to be reminded of who his enemies are, maybe has no enemies, but merely hallucinations or mirages.
Similarly, when I read the term "foreclosure industry", it also strikes me as another oxymoron, for the word industry carries a connotation for creation, construction or building of something positive and the word foreclosure strikes me as a proposition for loss to both borrower and lender.
So far, I have never seen the term "prostitution industry", but now I have seen the term "foreclosure industry".
Perhaps the term "industry" only refers to the benefits accrued to the procurers or facilitators of either activity, regardless of the techniques applied or even of how it is accomplished, for even the demolition industry serves to undo unsafe or dangerous structures, or razes obsolete ones to clear the site for something better and more productive.
Perhaps the activities associated with the foreclosure process are as necessary as is prostitution. I hope no one who reads this has ever had any dealings with the firm of David Stern, one of the representatives of this "industry" as described in the following news article:
But the application of the term "industry" to property foreclosure is just perhaps another manifestation of the Brave New World the neo cons have wrought and that we should start getting used to.
Manuel Sotil
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