The Mortgage Marketeers: doing what they once did best.

[Tandalayo_Scheisskopf]

From a deposition given over two days last year by Aaron Wider, CEO of HTFC, a mortgage investor, to Robert Bodzin, a lawyer for GMAC Bank. In February, U.S. District Judge Eduardo Robreno declared the deposition a “spectacular failure,” ordered Wider to give a new deposition, and fined Wider and his lawyer, Joseph Ziccardi, more than $29,000 for “hostile, uncivil, and vulgar conduct.” GMAC Bank has filed a lawsuit against HTFC alleging that the company sold loans that were not properly underwritten.

robert bodzin: My question is: Where are you currently employed?

aaron wider: I’m not. I work for free.

bodzin: Okay. You’re not employed by HTFC Corporation?

wider: No, I own HTFC Corporation. Be specific.

bodzin: Okay. And what do the initials HTFC mean?

wider: Hit That Fuckin’ Clown. That’s what it means. It’s an acronym.

bodzin: Were you involved in flipping the property at 207 North Rutherford?

wider: You tell me. And you provide that evidence to the court.

bodzin: It doesn’t work that way, sir.

wider: Yes, it does. That’s my answer. Listen, we can go around in circles and you’ll end up with the same answer: You tell me. You’re that good. You’re hired by GMAC.

Read More: http://harpers.org/archive/2008/06/0082052

Any questions about why we are in this mess today? Like could it possibly be the result of the quality of people that were selling mortgages?

[TomInTib]

1. Damn, I would've followed the asshole outside....

and ground his teeth to the roots against the curb. Let him try to talk smartass with no fucking teeth.

What an ass.

I got pissed off just reading that full excerpt at the link.

[eleny]

2. "...to the roots against the curb..."

Perfection.