I posted this on an identical but different thread
“It would seem to me that this is perhaps counter productive because it can lead to discovery of what really happened. They might not subpena The Queeah (a little Yankee dialect there) from Massachusetts, but there might be many called who directed forcefully bankers to make loans or else.
There was extortion of sorts and intimidation that resulted in trashing sound banking. The door is now open to testimony from perhaps hundreds of examiners around the country that delivered the message to bankers.
At least it seems that way to me.”
Excellent point. I would love to see Mark Levin on this.
I had a latino couple who could speak no English and didn't have proof of income (they were migrant workers in the crop industry)but they had a green card.......no way I would have lent them money.. After I turned them down for lack of verifiable income I was visited by our CRA officer and told to do the loan..........