The role of the Investment Banker

Of course, after a while these early pioneers of the new lending order were pretty sure they had re-invented the mortgage business. And it was hard to argue with them. They were making hundreds of millions of dollars; the loans were performing and everybody was getting rich.

By |2010-05-19T09:36:12-08:00May 19th, 2010|What the Hell Happened?|Comments Off on The role of the Investment Banker

What the hell happened? – Introduction

What irks me to no end is what I see and hear today about how those bad mortgages caused this problem, or how those awful mortgage brokers caused that problem. I have never heard anyone come close to what the root causes of the problem were. And to add insult to injury, the same people that swore up and down that there was no problem are the same ones tasked with fixing it!

By |2010-05-17T11:32:08-08:00May 17th, 2010|What the Hell Happened?|Comments Off on What the hell happened? – Introduction
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