Labor/Employment
Oct. 23, 2007
Lawsuit Says Lenders Didn't Heed Warnings
A prominent Oakland attorney says lending companies' hostility toward employees helped trigger the subprime mortgage crisis.
Special to the Daily Journal
It's easy to blame the subprime mortgage crisis on overeager lending policies at many of the nation's mortgage banks.
But a prominent Oakland trial attorney says there's more to it: An industry atmosphere that fostered hostility toward and harassment of employees who expressed concern about fraud and the issuing of questionable loans b...
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