I Predicted the Mortgage Fraud Crisis

I predicted the foreclosure crisis.  No, really, I did.  Let me tell you my story.

I’ve worked for a number of the large banks that you have heard of.  Probably too much in fact.  I was fired from a job at one investment bank after a few months of butting heads with my new boss.  He was a real idiot and very full of himself, and I refused to kiss his ass.  Call it pride, I call it dignity.  Within 3 weeks I had a job at a commercial bank, in their wholesale mortgage lending division. It was my first time working in this kind of banking institution and I was up for a change of pace from working in Manhattan. I can safely say that it was at Washington Mutual (now part of Chase) in an office park on Long Island. There was one large, very open room filled with people all processing mortgage applications. I don’t even know how many people worked there because it was not a warm and friendly place.  […]