Clarification on the Westlake-LPS Check Post

EDITORIAL

Yesterday I published a quick editorial on a pair of photos of a check received by a repo agency, who obviously wishes to remain anonymous.  The chain of custody for the check is unclear at this time.

The point of the post was to illustrate the disparity in appropriate compensation between lenders and forwarders which is the cause of the 1980’s price environment. The circumstances surrounding the source of the remittance, that the agent received, isn’t as important as this disparity.

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