That’s Glenn Reynolds’ advice to anybody who feels obligated to attend a joint Treasury/HUD meeting called for July 28th to address the mortgage crisis. Given that the letter that was sent out is only ‘requesting’ attendance by the most charitable of interpretations (when two Cabinet Secretaries send you a letter about your presence at a meeting, you’re expected to show up), that should be pretty much the top mortgage servicers.
To summarize the article [with my own comments in brackets], the situation is this:
