Political Quotes

Carl Levin: “How does a bank that turns out loans of which 58 or 62 or 83 percent contain misrepresentations or fraudulent borrower…”

On the recordApril 12, 2010
How does a bank that turns out loans of which 58 or 62 or 83 percent contain misrepresentations or fraudulent borrower information, how does a bank operate that way and expect that there is going to be any confidence in the loans that it is issuing?
Said by
Carl Levin
Democratic · Michigan

Editor's note · Context

Questioning the reliability of a bank with high fraudulent loan rates.

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