The High Bubble Era in Retrospect

“A growing family with a lot of debt.

A young couple with no down payment.

A business owner whose income was hard to document.

Every one of them was turned down for a home loan by three different lenders. I’m with Countrywide and I got them all approved.”

“No one can do what Countrywide can!”

(h/t Whitney Tilson)

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Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at Follow him on Twitter at @ryanchittum.