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“Versailles”: Mortgage Meltdown Casualty

patrickhenrywillreturn Wrote: Aug 12, 2012 7:11 AM
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Is it possible to be sympathetic toward an ostentatious Florida billionaire family at risk of losing their unfinished dream home – the largest residence in the U.S. – because of a mortgage crisis which, in a modest way, they helped to create? Actually, it is…sort of. A new movie documentary, “The Queen of Versailles,” shows why. Intentionally or not, it also makes a powerful case for why government shouldn’t cover losses incurred by high-rolling lending and borrowing.

I caught “The Queen of Versailles” a week ago at my favorite art house theater, the multiplex crowds for...