Can that actually be called ‘banking’? I mean they didnt do any due diligence, they didnt know what they were selling, they bribed people to get the buisness, they had no real interest in investor return or MBS quaility. Hell, they activly tried NOT to know. The only thing they cared about is getting paid. In most any other synario this would be called fraud and they would go to prision.
Can that actually be called ‘banking’? I mean they didnt do any due diligence, they didnt know what they were selling, they bribed people to get the buisness, they had no real interest in investor return or MBS quaility. Hell, they activly tried NOT to know. The only thing they cared about is getting paid. In most any other synario this would be called fraud and they would go to prision.
Can that actually be called ‘banking’? I mean they didnt do any due diligence, they didnt know what they were selling, they bribed people to get the buisness, they had no real interest in investor return or MBS quaility. Hell, they activly tried NOT to know. The only thing they cared about is getting paid. In most any other synario this would be called fraud and they would go to prision.
Can that actually be called ‘banking’? I mean they didnt do any due diligence, they didnt know what they were selling, they bribed people to get the buisness, they had no real interest in investor return or MBS quaility. Hell, they activly tried NOT to know. The only thing they cared about is getting paid. In most any other synario this would be called fraud and they would go to prision.
Can that actually be called ‘banking’? I mean they didnt do any due diligence, they didnt know what they were selling, they bribed people to get the buisness, they had no real interest in investor return or MBS quaility. Hell, they activly tried NOT to know. The only thing they cared about is getting paid. In most any other synario this would be called fraud and they would go to prision.
.
