Foreclosures show the problem with universities as "businesses"

The latest dispatch from the foreclosure fraud front shows the problem with making universities more businesslike, especially with things like endowed professorial chairs.

Here's how to buy off a professor, if you're the banksters:

Joseph R. Mason, a finance professor who holds the Louisiana Bankers Association chair at Louisiana State University, said that concerns about proper foreclosure documentation were overblown. At the end of the day, he said, even if the banks botched the paperwork, homeowners who didn’t make their mortgage payments still needed to be held accountable.

“You borrowed money,” he said. “You are obligated to repay it.”

Uhh, if the paperwork is fraudulent, we don't know who owes money, Profy-Woffy. We don't know if anybody owes. We do know that people have been evicted from homes on which their mortgages were up to date, or even paid off!

That's the problem with corporately-endowed university chairs, universities being run more like businesses, the chancellors and presidents who want to do that, etc.