4 ms·
A bit ironic, as the entire premise of a bank is essentially to do this, but regulated, on a larger scale. Assuming it was really a loan.
by Dilpil 17y ago
A bit ironic, as the entire premise of a bank is essentially to do this, but regulated, on a larger scale.
Assuming it was really a loan.
- cwan 17y agoThe judge notes "large losses". Banks have a fiduciary duty to safeguard the deposits of their depositors. At least some of the people to whom she provided the loans and did not meet the criteria of the internal lending criteria should not have gotten them. She stole money she didn't have. I get that desperate people do desperate things but she wasn't desperate - in fact, she was a senior banker who was entrusted with access to millions in deposits.