Doing something — anything — quickly but poorly is no substitute for taking the time to do what needs to be done well.
American Banker-
Congresswoman Maxine Waters (D-CA) is fearful that the quick-and-poor may prevail with mortgage servicer reviews, based on what she sees planned in response to last April’s consent orders from federal regulators.
“The only thing worse than no accountability for the banks,” according to Waters, “is for regulators to create the illusion of accountability, while putting no enforcement power behind their efforts.”
