Truth or Consequences, Aus

If the past couple days haven't been entertaining enough, I wake to find the CNet article/audio (or the ZDNet article here) for my day's entertainment. Just when you think this can't get more absurd, it does.

I was drinking my coffee just about the time Casey chimes in with his ("publisher" fed) rap about DMCA, copyrighted material, how trust has been violated, blah blah blah. Aside from some of the posts from the more comic-minded Haterz, this interview seriously caused me to laugh out loud, I didn't dribble the coffee at least.

Casey's new angle about how his trust has been violated, personal emails, etc. is such a non-starter. Didn't Casey think it was the right thing to do when he outed the deal with the NLL? I guess something's changed since then, he demands consequences!

Never mind he played just about every person who offered legit help (in return for Casey having to actually do something) against each other for the next sweet deal.

The long-term question is should Casey be facing criminal and/or civil charges for his actions (I think there will be a form of civil action against him if the divorce rumors are true, which will be wonderful as a divorce attorney will probably all out to expose Casey's activities under oath of some sort). IF there ever is to be action against our hero, it probably should/will happen soon I would imagine.

Up until now, Casey has just been comic relief in the whole housing bubble situation, but the Haterz and others have tried to point out why Casey really represents something bigger than his own situation. With Casey abruptly leaving the country, apparently able to just plod along following his pipe dreams, I would think this now represents someone who is a risk to flee if some action is coming.

Companies like Countrywide, and whoever else Casey touched in his spectacular failures, really should take notice of this situation and regard it seriously. Foreclosures are about to explode over the next 12-24 months, many many more instances of fraud and people who were far worst than Casey are going to be exposed as the sub-prime loans reset en masse. There will be many more people like Casey Serin who caused this bubble and with the small amount of infamy Casey is receiving, like it or not he's going to be representative of how an industry reacts to what occurred over the past 4 years. It will be interesting to see if this "trip" speeds up whatever might have been in the works up until now.