When I got intothe business, I was told that anunderwriter's job was to assume...
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When I got into
the business, I was told that an
underwriter's job was to assume that
everybody is lying, and that your job is
to go into the file and either validate
that they are lying or that they have
totally told the truth
the business, I was told that an
underwriter's job was to assume that
everybody is lying, and that your job is
to go into the file and either validate
that they are lying or that they have
totally told the truth
Full Transcript
00:00:01.000 --> 00:00:03.162
When I got into
the business,
00:00:03.253 --> 00:00:06.746
I was told that an
underwriter's job was
00:00:06.084 --> 00:00:10.208
to assume that
everybody is lying,
00:00:11.136 --> 00:00:14.001
and that your job is
to go into the file
00:00:14.018 --> 00:00:17.264
and either validate
that they are lying
00:00:17.035 --> 00:00:19.592
or that they have
totally told the truth.
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Movie Summary
Inside Lehman Brothers is the autopsy of a crime by those who tried to prevent it from within. Mortgage brokers from California and a handful of New York executives called out these fraudulent transactions. But nobody listened.
