Les Jones

Mortgage Crisis > Not Just Up the Famous Brown Creek without a Rowing Implement

“We are in a chicken wire boat on Lake Diarrhea with lead oars.”
 -- Out of Work Mortgage Broker

Those guys were raking in the dough while it lasted (I'm assuming AE is "account executive"):

"For those ex employees on this thread that were probably in the 1st round of cuts months ago and are bitter about option one keeping the "best of the best" the details about the severance are that the AE´s will continue with their guarentee and benefits through march at 10k per month and then get a lump sum payment of 10k per year of service. The average AE is getting over 100k in the next 90-120 days.

That's a heck of a lot of severance pay for a division that's going under. I hope taxpayers aren't going to be bailing out H&R Block's bad subprime loans while they're handing out those kinds of lovely parting gifts to laid-off mortgage brokers.