8000 Tax Credit Bridge Loan: Lean and Slap

In college, I learned about something called the “lean and slap“.

The lean and slap is one of the professors favorite tricks – or at least it seemed to be when I was part of the captive audience there. When performing the “lean and slap” trick, the professor presents a business case in a certain light and has you thinking that the right answer is *obvious*.

And the majority of the students go ahead and fall for it – and pick the apparently obvious answer as the solution to the complex business problem presented in the case.

And as they lean forward in their chairs, all excited that they finally have the right answer…

They get slapped with the answer that they never considered.

Who says college doesn’t prepare you for life?

Lean:

“Hey everybody, we are going to allow people to monetize their 8000 tax credit by allowing them to get a bridge loan!”

Slap:

“Uh, sorry… wait… uh… we will get back to you on that. We officially retract that mortgagee letter that we put out about it. Everything is on hold for now. We will get back to you when we feel like it.”

After I pick myself up off the floor after being slapped silly, I will be sure to give everyone an update.

Right now, all I see is stars and I vaguely hear the sound of birds chirping.