Wednesday, June 25, 2008

Flashback: what Trump University taught about mortgages in 2006

Back on 15 Dec 2006, Trump University Prez Michael Sexton interviewed E. J. Ridings:

Michael Sexton: I just read an article that described homeowners who use their homes like --cash registers--
EJ Ridings: In general, there are three reasons to refinance your mortgage. First, to lower your monthly payments. Second, to get your mortgage paid off faster. And third, to take cash out of your property.

Less than two weeks later, it turned out E. J. Ridings had falsified his resume.

Less than two years later, well, you know what happened to those "cash register" folks....

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