Anonymous ID: 77edb8 May 27, 2018, 10:13 a.m. No.1557656   🗄️.is 🔗kun   >>7801

>>1557607

crash is also attributed to Herb Sandler (wachova bank) of Podesta's pizza-related handerchief email fame.

 

http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877343,00.html

 

Time Magazine

25 People to Blame for the Financial Crisis

The good intentions, bad managers and greed behind the meltdown

 

 

Marion and Herb Sandler

 

In the early 1980s, the Sandlers' World Savings Bank became the first to sell a tricky home loan called the option ARM. And they pushed the mortgage, which offered several ways to back-load your loan and thereby reduce your early payments, with increasing zeal and misleading advertisements over the next two decades. The couple pocketed $2.3 billion when they sold their bank to Wachovia in 2006. But losses on World Savings' loan portfolio led to the implosion of Wachovia, which was sold under duress late last year to Wells Fargo.