Wall St. wins Capt Obvious award

[smileyman]

Originally Posted by pauldun170

If those originating the loan took ownership of the product (in other words, instead of selling it off they owned the relationship) do you think those screwballs would clean up their act?

No. In the system producers are rewarded, only a mountain of defaults and write offs would sink an officer, relegate him to admin only kinda duty. And at higher dollar levels it is committee approval, so in effect zero individual accountability.