Technically not all - Toronto-Dominion (TD) dumped all subprime in 2005 and weathered the storm considerably better than the rest of the big 5. Much kudos was g

Technically not all - Toronto-Dominion (TD) dumped all subprime in 2005 and weathered the storm considerably better than the rest of the big 5. Much kudos was given to Edmund Clark at the time for driving a fundamental change based on his view that "I don't think you should do something you don't understand, hoping there's somebody at the bottom of the organization who does." http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aeAsOI6GUU1Y http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a...