You overlook the massive criminality in hyped appraisals, fraudulent lending, fraudulent debt bundling, CEO criminality and greed and more.
“You overlook the massive criminality in hyped appraisals, fraudulent lending, fraudulent debt bundling, CEO criminality and greed and more.”
I guess I should have made that #4, but I didn’t overlook it. My belief is that the individuals and institutions will do whatever they can/must do to make a profit and survive, within a defined set of parameters (regulations). Remove those parameters and expect consequences— this is human nature.
The fact that shenanigans occurred INDUSTRY WIDE is very telling. It was not limited to one institution that fostered a policy of corruption and greed.