Confessions of a former BofAer

From the Consumerist website, confessions from an anonymous former "personal banker" at Bank of America. Included is this interesting statement, which sheds a little light both on how big banks do business these days and how the financial system might have found itself in this subprime mess:

And finally understand that personal bankers are expected to sell a loan of some type to every person that comes in the bank.

Categories: The Buzz, Trade & Tryon, Trade & Tryon > Misc.