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URL:  http://boards.fool.com/pride-is-an-issue-too-i-think-the-hotshots-on-30506631.aspx

Subject:  Re: Here We Go Again: CRA Back From the Dead Date:  1/25/2013  3:49 PM
Author:  CCinOC Number:  668302 of 744746

Pride is an issue, too, I think. The hotshots on Wall Street don't want to admit they don't understand something, so they nod and allow young punks to lead them astray.

http://www.nytimes.com/2008/01/25/business/worldbusiness/25b...

Partial explanation for Wall Street meltdown here. (Caveat: loan originators in the trenches sold only what was offered to them. We created nothing.)

The Untouchables: FRONTLINE investigates why Wall Street’s leaders have escaped prosecution for any fraud related to the sale of bad mortgages.

http://www.pbs.org/wgbh/pages/frontline/untouchables/
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