Detailed text transcripts for TV channel - CNN - 20100717:13:35:00
So-called liars loans where they were encouraged to misstate or overinflate their income and a lot of fraud went on on the part of people in the mortgage industry. these were the professionals telling the consumers don't worry about it, this is how business gets done. both sides -- >> to my mind, my favorite, the fiduciary standards. there was a proposal brokers had to act in the client's best interests when selling them something. seems like a no-brainer. same standards doctors and lawyers adhere to. but that's not in there. they can still sell you an overpriced annuity that sends them a bigg...
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