Kyle Kulinski
@seculartalk·2.1M subscribers·24.1K videos
Report: CEO's That Caused The Recession Still On Wall Street
Posted
September 12, 2013
Views
1,275
Likes
65
Comments
17
Engagement
6.43%
September 12, 2013
1,275
65
17
6.43%
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7:26Now PlayingAndy Pollock rode the last subprime mortgage wave to the top then got out as the industry collapsed and took the U.S. economy with it. Today, he's back in business.
Pollock was president and CEO of First Franklin, a subprime lender whose risky loans to vulnerable consumers hastened the downfall of Merrill Lynch after the Wall Street investment bank bought it in 2006 for $1.3 billion. He was still running First Franklin for Merrill in 2007 when he told Congress that the company had "a proven history as a responsible lender" employing "underwriting standards that assure the quality of the loans we originate."
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Clip from the Wednesday, September 11th 2013 edition of The Kyle Kulinski Show, which airs live on Blog Talk Radio and Secular Talk Radio monday - friday 4-6pm Eastern.
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