Here's an interesting perspective from a well-run bank (BB&T) president: http://media.gatewaync.com/wsj/pdfs/2008/09/allison.pdf
Also, a good article in the Times Business section on Monday, about a radio producer who did a show on the subprime mess. To quote: "If no one saw this coming, they were not looking." You can find the whole show online. One of the subprime mortgage brokers describes the operation he worked for as a scene straight out of Boiler Room.
Just a man with a man's courage.
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Here's an interesting perspective from a well-run bank (BB&T) president:
http://media.gatewaync.com/wsj/pdfs/2008/09/allison.pdf
Also, a good article in the Times Business section on Monday, about a radio producer who did a show on the subprime mess. To quote: "If no one saw this coming, they were not looking." You can find the whole show online. One of the subprime mortgage brokers describes the operation he worked for as a scene straight out of Boiler Room.
Thanks, DB. I'll think I'll post the Herb Allen letter separately.
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