Comments on: Stock Market Moron – Jim Cramer – Calls For The Destruction of Mortgage Brokers http://www.biggerpockets.com/renewsblog/2009/03/17/stock-market-moron-jim-cramer-calls-destruction-mortgage-brokers/ Learn, Network, Invest Mon, 23 Nov 2009 17:19:26 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Rick Wargo http://www.biggerpockets.com/renewsblog/2009/03/17/stock-market-moron-jim-cramer-calls-destruction-mortgage-brokers/comment-page-1/#comment-64543 Rick Wargo Tue, 17 Mar 2009 17:27:42 +0000 http://www.biggerpockets.com/renewsblog/?p=4585#comment-64543 Aside from the context from which this discussion has stemmed, (Cramer & Stewart) which in and of itself lends itself to unlimited insights; blaming brokers is like blaming liquor stores for alcholism, car dealers for traffic fatalities, grocery stores for obesity. You get my point. As soon as we can accept rather than resist this breakdown we can move forward with a breakthrough. The question becomes; What do we now have access to that we didn't before? And then; What's next? The challenge will be to move past the emotion, to stop taking it personally. I do what I do because it's what was appropriate at the time for me and what I knew at that time. I assert the same is true for everyone: Borrowers, Bankers, Investors (even Moms & Dads!). Accept it for what it is and allow the resources that are currently being spent on defending and resisting to be used on transformation. Thanks for the platform. Rick Wargo Mortgage Broker Riverview Bank Clackamas OR rickwargo@riverviewbank.com Aside from the context from which this discussion has stemmed, (Cramer & Stewart) which in and of itself lends itself to unlimited insights; blaming brokers is like blaming liquor stores for alcholism, car dealers for traffic fatalities, grocery stores for obesity. You get my point. As soon as we can accept rather than resist this breakdown we can move forward with a breakthrough. The question becomes; What do we now have access to that we didn’t before? And then; What’s next? The challenge will be to move past the emotion, to stop taking it personally. I do what I do because it’s what was appropriate at the time for me and what I knew at that time. I assert the same is true for everyone: Borrowers, Bankers, Investors (even Moms & Dads!). Accept it for what it is and allow the resources that are currently being spent on defending and resisting to be used on transformation. Thanks for the platform.

Rick Wargo
Mortgage Broker
Riverview Bank
Clackamas OR
rickwargo@riverviewbank.com

]]> By: Tony Arko http://www.biggerpockets.com/renewsblog/2009/03/17/stock-market-moron-jim-cramer-calls-destruction-mortgage-brokers/comment-page-1/#comment-64541 Tony Arko Tue, 17 Mar 2009 15:41:19 +0000 http://www.biggerpockets.com/renewsblog/?p=4585#comment-64541 Agreed. We should not get rid of brokers. They serve a purpose in the marketplace. But you should know that Cramer's comments are meant to do one thing and one thing only - discredit industries and companies that he and his cronies have short positions in. I can guarantee you that he is short several if not all of the publicly traded mortgage brokers and anyone who does business with them. He is not a moron, he is just completely unethical and immoral. <abbr><em>Tony Arko’s last blog post: <a href="http://www.realdiggity.com/node/231" rel="nofollow">FHA to Tighten Standards for Cash-Out Refinancing</a></em></abbr> Agreed. We should not get rid of brokers. They serve a purpose in the marketplace. But you should know that Cramer’s comments are meant to do one thing and one thing only – discredit industries and companies that he and his cronies have short positions in. I can guarantee you that he is short several if not all of the publicly traded mortgage brokers and anyone who does business with them. He is not a moron, he is just completely unethical and immoral.

Tony Arko’s last blog post: FHA to Tighten Standards for Cash-Out Refinancing

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