hunter53

National City Corp. Story Unlikely to Have Happy Ending

The problem with National City and a lot of other public companies, they manage their companies to maximize quarterly profits to meet their following analysts' opinion of earnings and success just breeds more pressure to perform and with this pressure comes more agressive methods of managing your business. Add in the fact that the short term fees justified the risks, heck, what risks, home prices have never went down. There is no risk to make a "ninja" to someone who will be bailed out by the sheer appreciation in the asset. (ninja - no income - no job applicant).