Reply #17: As far as wise and honest insiders

[truedelphi]

This is off Daily Kos - originally fromt he NYTimes:
"But as a senior mortgage underwriter at Washington Mutual during the late, great mortgage boom, Ms. Cooper says she found herself in a vise. Brokers squeezed her from one side, her superiors from the other, she says, and both pressured her to approve loans, no matter what.

"At WaMu it wasn’t about the quality of the loans; it was about the numbers," Ms. Cooper says. "They didn’t care if we were giving loans to people that didn’t qualify. Instead, it was how many loans did you guys close and fund?"

Ms. Cooper, 35, was laid off a year ago and is still unemployed. She came forward to discuss her experiences at the bank in order to help shareholders recover money from WaMu executives."
<snip>

Also, "Keysha says there were bribes involved, and that she was even offered 900 dollars to pay her son's football fees, but that isn't even the worst of it. Keysha turned down mortgages that didn't even have the right address. Yes, homes that didn't even exist were given mortgages."

Besides Keisha, 'Sixty Minutes' had another Whistleblower on one of their shows earlier this year. I wouldn't be surprised if every investment firm and bank had at least one brave and honest soul trying to get their company to do the right thing. Honest people do exist. My father was someone like this.