Predatory lending has reached “epidemic proportions,” Mr. Methvin said. “Many times banks make loans to people who do not demonstrate the ability to repay, knowing they can come take the collateral and just sell it to someone else.”
This took me all of an hour and a half to find. It’s worth noting that Hawke was under oath. I have a request for comment out to Hawke, now a partner at Arnold & Porter LLP, where he “provides US and international financial institution clients with comprehensive regulatory, litigation, and transactional services.” Also: “The practice group is recognized for developing innovative structures and novel solutions to regulatory issues.”
The rest of the press ought to ask him for comment, too.