Reply all:
I think it is disgusting when people, maybe not even people (spambots), ask me for things using form emails that makes it impossible to discern if it is a legitimate request or one reply away from 3000 spam emails a day.
That applies equally to unfortunate people with money trapped in Nigerian bank accounts, requests for link exchanges, and folks looking to have their loan modified from the terms they agreed to and were happy with for all of the years their rates and payments were below market rates.
Sincerely,
Bill Rice
_______________________
Now for the extra 2 cents…
Don’t get me wrong, I am sure there are plenty of things to vilify Angelo Mozilo for, like dumping his Countrywide stock while telling investors how wonderful the mortgage market and his company were performing, but this email is not one of them.
It is amazing how some media is willing to sock it to “The Man” because he is the man without even covering the details. According to most accounts, like this one and this one, Mozilo was disgusted with a customer’s sad story of pending destitution and simple request to have his loan modified.
Read the original communication (I am sure LoanSafe.org is enjoying all the free traffic to their class action lawyer ladened advertising site, but unfortunately it IS important to see the documents to form an opinion) here.
Looks to me like he is disgusted with the same thing I am disgusted with–spam. Or, more specifically, a classic class action lawyer marketing technique: Whip enough consumers into a frenzy with form letters and email addresses to create a media buzz. Then ride that momentum and confusion into a massive class action lawsuit that makes you a fortune and pays out to (maybe) harmed consumers $10 blockbuster coupons.
It is disgusting!
Now, I should tie this back to the Lead Market, huh?
Ditto all of the above on the pending class action lawsuit against LendingTree. Not a single customer that I have read blog post from or reporting on has claimed identity theft or any harm. Yet, since several media outlets mischaracterized the incidents as such, class action attorneys have swarmed to potential blood in water.
It is disgusting!
We should turn off both of these ill-conceived stories in our daily news consumption. There is no story. Instead, let’s report on solutions to help these people, not find villians to taunt or sue–that’s for supermarket tabloids.
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