Countrywide loan underwriter: 'I realized I was in Dangerous Territory.' The mortgage industry was 'Nothing but Legalized Fraud'

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Countrywide loan underwriter: ‘I realized I was in Dangerous Territory.’ The mortgage industry was ‘Nothing but Legalized Fraud’

Countrywide loan underwriter: ‘I realized I was in Dangerous Territory.’ The mortgage industry was ‘Nothing but Legalized Fraud’

Michael Hudson takes us inside Countrywide’s subprime mortgage writing machine, where ‘fast and sleazy’ carried the day…

Another installment from ‘The Great Mortgage Cover-Up’

iWATCH-

After she lost her job in the fall of 2007, Cassandra Daniels had a word with a trio of her managers. As she recalls it, she told them she was praying that, someday, they’d learn to use their positions of power “to uplift your staff instead of destroying people.”

She cleaned out her desk and taped a handwritten sign to her computer screen, quoting one of her favorite gospel songs: “GIANTS DO FALL.”

[iWATCH]

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