ASK any banker


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Posted by Bob in N. Ga. on Monday, December 15, 2008 at 23:29:17 :

In Reply to: It's all a sad event... posted by MoparNorm on Monday, December 15, 2008 at 21:12:50 :

Ask any banker, especially a recently retired one, how the gov regulators put the pressure on their corporate leaders. It was simply "make the loans available" or else! When my friend said that lending to some of the applicants violated every rule he had learned in 20 yrs of banking, they said "call HQ and we will send out a mobile officer to do it and if it goes sour it will not be on your branch records". He did and they did. And now we know the rest of the story.



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