What Do You Think Is Unethical?

What do you ring back is unethical? The countrywide approved everyone to get their loans, no amour they score jobs or non, no matter they have income or not, no matter they have assets or not. The criteria they use may be unethical. They seizet c ar whether the documents are valid, whether they can verify the income, whether the appraisal is any good. They adept care about getting the loan closed, in order to do another loan. The underwriters/ contractors looked through the loan as quick as they can. The loans are not looked at like they should have been looked at. They wont think through with the common sense which is reasonable or not. teacher 10,000, look 12,000). On the instruction of their supervisor and lead. In the world of due diligence, they dont use the word fraud. Even if it is suspected, they go forth put forward it seems like incorrect. 60% to more than 80% of the loans did not meet their policy. Clinton Holdings fulfill due diligence to two dozen banks, who w ere buying the mortgage from the Countrywide, Ameriquests, the newfound Centurys, packaging those loans, selling them to other investors. In each of these banks, The Clinton Holdings find a substantial portion of the loans did not meet the standards of the bank buying those loans.The banks did not tell the investors that the loans were defective. Blankfein was unapologetic. Do you think they know that you think something is a fix of crap when you sell it to them and then bet against it? When the supervisor go to the work, he find out that for example 50% of their loans are defective, than the standard will be loosen. So he can chafe these loans not defective, and make it qualified. Department of justice (prosecutor) worried about the lawsuit might vector sum in at a large financial institution, which should not be their responsibility to care about the health of a bank. They should only revolve about on pursue justice.