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The corruption may be rampant but those aren't "Wall Street" jobs. Countrywide was based out of Calabasas, California.
by rkk3 5y ago
The corruption may be rampant but those aren't "Wall Street" jobs. Countrywide was based out of Calabasas, California.
- actually_a_dog 5y agoThere's no way half the loans in a portfolio are fraudulent, and that doesn't get noticed. That includes by the Wall Street firms that are repackaging and securitizing them as CDOs and CDSs. At some point, in a functioning system, that does attract the attention of the CEO.