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December 1, 2011 06:15 pm PST
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/nCK-R9BWvxk/chase-exec-we-tricked-naive-b.html
Chase exec: we tricked naive borrowers into taking out subprime loans
An award-winning Chase vice-president has gone public with accusations that his bank deliberately tricked naive borrowers into taking out high-commission loans they could never pay back (his team wrote $2B in loans during the subprime bubble), putting the lie to the narrative that subprime was about greedy borrowers taking money they knew they shouldn't: One [...]Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/nCK-R9BWvxk/chase-exec-we-tricked-naive-b.html
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