Vulture Capitalism Comes Home to Roost
Friday, April 4, 2014 — Normally we give our paid Digital Subscribers first dibs. Today we’re posting the Rant the same day it hits the streets. Enjoy. — The E.] There are some things that nobody expects, the Spanish Inquisition being only the most obvious example. Another might be a fire extinguisher filled with gasoline. When you buy a product, you expect it to solve a problem, not make it worse. So Gregory M. Jordan was not unreasonable, after re-financing his California home in 2005, to expect that each mortgage payment he made thereafter would reduce the principal that he owed to his lender. Apparently …