To protect a business like that, you need a lot of lawyers.
You would think the mortgage business would be a pretty good business. And actually, it always has been a pretty good business, especially in America, where everyone owns a house. Your clients bring you money, then they send in more money for thirty years. It's an even better business when you go into collateralized debt obligations, and you don't have to wait for thirty years to go by. It's like slaughtering veal cattle...you have fewer clients, but they're oh, so delicious. At the top of the food pyramid on your desk are FEES, the usual customary and reasonable money that you earn instantaneously whenever you slide a pice of paper across your desk with absolutely no risk, and with a good automatic document processing system....the US Treasury can't print money faster.
To protect a business like that, you need a lot of lawyers.
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