"Investment professionals and lawyers see the world through different lenses." Mr. Kevin Donnellan, spokesperson for the Arizona State Treasurer, quoted by Gretchen Morgenson, "Fair Game / Dancing the Ratings Two-Step," p. 1, col. 1 (New York Times Nat'l ed., "SundayBusiness" Section, Sunday, June 15, 2014).
The above quote was in the context of wondering why investors still rely on ratings by various ratings agencies even though the investors are suing them for losses caused by the raters' alleged negligence. The State of Arizona is in that category, along with many others described in the article.
The above quote applies equally to the field of lender force-placed insurance. In that field, too, investors see the world differently from lawyers -- and from homeowners. See the "Publications" page at www.dennisjwall.com for a freely downloadable/printable article on lender force-placed insurance claims and defenses.
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