Citigroup Underwriter Warned of Mortgage Lapses (Update3) - BusinessWeek

Citigroup Underwriter Warned of Mortgage Lapses (Update3) - BusinessWeek
Tom Usher wrote or added: "Richard Bowen determined in mid-2006 that more than 60 percent of mortgages bought from other firms and sold to investors such as Fannie Mae and Freddie Mac were 'defective.'" He warned the neoliberals about the problems. He was ignored. Of course he was ignored. The Wall Street sharks knew exactly what they were doing. They've made money before, during, and after the crash they caused on cue. It has ever been so.
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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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