A Banker Speaks, With Regret
Published: November 30, 2011
If you want to understand why the Occupy movement has found such
traction, it helps to listen to a former banker like James Theckston. He
fully acknowledges that he and other bankers are mostly responsible for
the country's housing mess.
As a regional vice president for Chase Home Finance in southern Florida,
Theckston shoveled money at home borrowers. In 2007, his team wrote $2
billion in mortgages, he says. Sometimes those were “no documentationâ€
John59
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