Dallas's Richard Bitner Explains the Subprime Mess to Jon Stewart
Funny thing. So, yesterday I e-mailed Richard Bitner, because I'd just read this U.S. News & World Report Q&A about his involvement in the "subprime debacle." Bitner lives in Dallas and, a decade ago, began snapping up subprime loans; eventually, he turned it into quite the profitable business called Kellner Mortgage Investments. Bitner sorta saw himself as a modern-day George Bailey, as Newsweek put it in March. Then, of course, everything went to hell, and earlier this year Bitner self-published an explanation and apologia titled Greed, Fraud & Ignorance: A Subprime Insider's Look at the Mortgage Collapse.
All's I wanted to know yesterday was, when had it been picked up by John Wiley & Sons and rebranded Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance, which came out a couple of weeks ago. Bitner didn't get back to me yesterday -- with good reason: He was in New York taping The Daily Show with Jon Stewart. Here's that primer. But the best bit from last night's show was Jesuit grad Wyatt Cenac's piece on Obama and the old Jew vote. Much, much funnier. --Robert Wilonsky
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss Observer's biggest stories.
- Houston vs Dallas: How Super Bowl Performers Stack Up
Thu., Feb. 11, 7:00pm
Fri., Feb. 12, 8:00pm
Sat., Feb. 13, 2:00pm
Sat., Feb. 13, 7:00pm
- A Texas Doctor Again Puts on His Hat as Virus Hunter
- Why the Crackdown on K2 Among Downtown's Homeless Won't Work