Monthly Archives: March 2015

Wells Fargo Puts a Self-Imposed Limit on Subprime Auto Loans

In the lessons learned department, Wells Fargo, a bank that largely escaped the fall-out from the subprime mortgage market because it chose not to go down that path too far, is the first lender to recognize the evolving risk in … Continue reading

Posted in News and Events | Leave a comment

“After 2008, nobody was prosecuted.”

L. Dennis Kozlowski, former Tyco CEO, recently free of prison, work-release programs, and probation, bemoaning his unfair prosecution. Yes, convictions for unauthorized loans from the company, conspiracy, sales tax evasion, and falsifying corporate records were all just part of a … Continue reading

Posted in Classic Quotes | Leave a comment