At JPMorgan Chase & Company, they were derided as “Burger King kids” — walk-in hires who were so inexperienced they barely knew what a mortgage was.
At Citigroup and GMAC, dotting the i’s and crossing the t’s on home foreclosures was outsourced to frazzled workers who sometimes tossed the paperwork into the garbage.
The response from the Obama ( “We heart banksters” ) Administration on this latest batch of fraud and dirty deeds done dirt cheap from the financial world is, of course, studied silence while no doubt running interference for them in the background.