I came up with a brilliant idea.
Since bankers were corrupt and would always try their best to get loans, no matter how bad, approved, and this would run contrary to the job of credit analysts whose job it is to guard the bank's capital and prevent bad loans from going through, I would outsource the underwriting process to an independent third part.
I called it "Independent Analytics."
I then drove around the Twin Cities metro, gave them my presentation about the merits of outsourcing their underwriting to me, and presumably the staff of analysts I would hire to handle all the demand.
Of course there was no interest because "they" knew what was best for the company and keeping the underwriting process in house and under the influence of commission driven bankers. Besides which they were fully "banking" on a bailout.
However, there was one bank where the gray haired, middle aged man assured me that they did not need my services, not because it wasn't a good idea, but because they had seen this housing bubble coming a mile away and their analysts were good, fine analysts.
Well, like many other banks, turns out "they" were not special and "they" had just as many bad loans as the next bank.
So to the middle-aged dumbass at Associated Bank (and perhaps any shareholders that are listening) allow me this one question;
"If you had hired the services of Independent Analytics, would you be in this situation?"
I didn't think so.