Donner’s Daily Dose of Drama

I received this email today. I wonder if this will be part of their new ad campaign to help sign on new customers …

Dear Customer,

We appreciate your business with Lingo, and hope that you are availing and enjoying all its benefits!

We would like to inform you of updated terms and conditions of your Lingo service. Effective October 23, 2008, customers who cancel their Lingo service within 24 months of the activation date, will be subject to a $99.95 cancellation fee per account. To view Lingo’s Terms & Conditions, please visit Lingo.com and click on the Terms & Conditions link at the bottom of the page.

Should you have any questions about the new term, please contact us at 1-888-LINGO-99.

Sincerely,
Lingo.com

The “sub-prime” mortgage crisis is a euphemism that does not exist. Realtors and mortgage companies are only small fish - big money has feasted off an exploding real estate market for so long that, in order to maintain the growth rate, it was necessary to reach further and further into the pockets of people who did not have much to begin with. At that point it should have become clear to the intelligent observer that the players in this system were building a house of cards. This was necessary to extend the feast. Because it was allowed to happen, the claim that the problem was and is limited to the sub-prime market is ridiculous. Above all, this outcome could have been avoided ….