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Glass House, Stones Thrown, What Now?


Photo of an employee of the law firm of Steven J. Baum mocking homeowners who have been foreclosed on.

AP reports that the large foreclosure mill, Steven J. Baum P.C., will close laying off all of it’s employees:

The firm’s demise began after photographs surfaced of employees dressed like homeless people for a Halloween party in 2010, which prompted Fannie Mae and Freddie Mac, the nation’s largest mortgage lenders, to stop referrals.
In October, the firm agreed to pay a $2 million fine after a federal probe. Its practices are being investigated by the New York attorney general.

It is ironic that employees may become homeless themselves but there is no pleasure in seeing them lose their jobs. Hopefully they will not have to become unemployed in order to join the unemployed in spirit and action calling for change. Unless they’ve swallowed too much Rand juice, they must be regretting their prior careless lack of empathy. I sincerely hope they find new work in a more useful and productive field.
– Iron Filing



  1. Anonymous wrote:

    The mortgage industry is doing well, in general and jobs are available.

    Monday, November 21, 2011 at 9:42 pm | Permalink
  2. Patricia wrote:

    Very charitable of you, but some folks only learn the hard way — too bad.

    Monday, November 21, 2011 at 10:01 pm | Permalink
  3. starluna wrote:

    There is a small part of me that takes pleasure in the thought of these heartless people losing their jobs. This part of me desperately wishes that Baum goes bankrupt, ends up divorced and broke, is disowned by his parents, and never sees his kids again. Thankfully, I rarely pay much attention to that really teeny, tiny part of me. But I admit that it is still there.

    Monday, November 21, 2011 at 10:01 pm | Permalink
  4. Iron Filing wrote:

    Patricia – my Iron Filing persona is a bit more charitable than the flesh and blood human behind IF.

    Tuesday, November 22, 2011 at 1:50 am | Permalink
  5. PatriotSGT wrote:

    Since i have about as much PC as Starluna has the opposite, in her teeny tiny part, I’ll say it. You reap what you sow. And sometimes justice is a slice of irony served on a cloudy cool winter day.

    Tuesday, November 22, 2011 at 11:33 am | Permalink
  6. Patricia wrote:

    IF — I suspected as much, I was trying for ironic, but may have hit snide instead — oops!

    Tuesday, November 22, 2011 at 4:51 pm | Permalink
  7. Iron Filing wrote:

    Oops is right! I don’t think IF was supposed to let Toto out to pull the curtain aside 🙂
    Suspension of disbelief is now reasserted.

    Tuesday, November 22, 2011 at 5:27 pm | Permalink
  8. starlune wrote:

    PatriotSgt – that part may be bigger than I am willing to admit. 🙂

    Wednesday, November 23, 2011 at 8:24 am | Permalink