Why does this seem like an endless amount of information and dollar amounts being spent on

to trying to solve the global economic crisis while the politicians, economists and Wall Street ”experts”

are having a major problem with getting their hands around the major cause.  An Ego problem for all

of us to consider. 

When I owned me temporary employment agency in Encino, CA, we participated with

the Resolution Trust Corporation.  We were the first to feel the anti-VIP treatment from

Countrywide Mortgage.  

While Mortgage & Financial Personnel earned a ranking of #191 in the 1990 version of

The Inc. 500, we began to feel a downturn.  It became apparent that the industry was changing and

when the mortgage loan underwriters that we sent out on temporary job assignments began being

turned away, I wondered why were my best employees now deemed unfit for duty.

The demand for qualified mortgage personnel became frantic.  I underwriters were turned away because they

refused to sign off on loans that appeared “unworthy” for loan approval. 

Posted 23 Mar, 2009 |
Categories: Uncategorized