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Old 09-08-2008, 10:27 AM   #5
redsk1
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Join Date: Oct 2004
Posts: 2,351
Re: US Government takes over mortgage giants

Quote:
Originally Posted by That Guy View Post
the reason they're in such horrible straits is due to thousands of individual neg am. mortgage salesmen selling bad loans (which the financial sector encouraged, or at least turned a blind eye) and the huge bonuses given per loan (up to 30-40k PER mortgage contract).

those guys are obviously out of business now, but they got their money before it burst.
Bonuses to the sales persons or the company?
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