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Leave It to "The Onion"

posted by Angie Littwin

After John's thoughtful post on the sub-prime meltdown yesterday, I thought I would respond in a less thoughtful vein:  via everyone's favorite satirical newspaper, The Onion.  Today, it posted its reaction to the sub-prime mortgage crisis with a "Statshot" ("A look at the numbers that shape our world") entitled "How Are We Paying Off Our Subprime Mortgages?" It is worth a look for some gallows humor on a difficult topic. My favorite response -- provided by 17% of the paper's fictional respondents -- is, "Getting a job at loan office, bringing down company from inside."

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» How Are We Paying Off Our Subprime Mortgages? from Consumerist
But with liquidity drying up, the last, and most hilarious, option is probably shrinking... [The Onion via Credit Slips]... [Read More]

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  • As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, click on this link and then click on the button for "Join or leave the list." After completing the information there, please also send an e-mail to Professor Lawless (rlawless-at-law-dot-uiuc-dot-edu) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.

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