— Matt Taibbi and Molly CrabappleWhen a longtime financial executive named Michael Winston joined Countrywide in the mid-2000s, he was startled one day to see a license plate belonging to one of the booming mortgage company’s top executives that read “FUND ’EM.” When Winston asked the executive what the plate meant, he was told that Countrywide’s policy was to give loans to everyone. “But what if the person has no job?” Winston asked. “Fund ’em,” the Countrywide executive laughed.
Replicated under Fair Use from The Divide: American Injustice in the Age of the Wealth Gap by Matt Taibbi and Molly Crabapple. (Pg. 41)