Political Quotes

Tom Coburn: “In an organization as large as Washington Mutual, with the incentive system constructed as it was, that rewarded growth…”

On the recordApril 12, 2010
In an organization as large as Washington Mutual, with the incentive system constructed as it was, that rewarded growth rather than quality, it was inevitable that certain people would coach borrowers to meet the minimums.
Said by
Tom Coburn
Republican · Oklahoma

Editor's note · Context

Coburn explains how the incentive structure led to fraudulent practices.

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