Hi all. I have been a title abstractor for 20 years. I'm sure you are all aware of the credit crisis & the impending financial disaster that's upon us in the coming year. Over the past 6 months, I have been following the story of the exotic financial investments that brought us to this point. Last year this time, I didn't know a CDO from Shinola. Since then, I have been wading in a sea of acronyms like MBS, ABCP, SIV, etc....trying to get a handle on this deal. As far as I'm concerned, it's only a matter of time before this is reflected in the work we get. My question is this: Are any of you examiners making themselves knowledgeable of this or you just don't care? This stuff is not going to go away any time soon.
http://www.youtube.com/watch?v=SJ_qK4g6ntM
http://www.youtube.com/watch?v=br8mOmH9frE&feature=related
Watch these guys. It is political satire that nails the situation.
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