
A Banker Speaks, With Regret
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Missing Money
Articles and video discussions of the $21 Trillion dollars missing from the U.S. government
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A Banker Speaks, With Regret

By Nicholas D. Kristopf
If you want to understand why the Occupy movement has found such traction, it helps to listen to a former banker like James Theckston. He fully acknowledges that he and other bankers are mostly responsible for the country’s housing mess.
As a regional vice president for Chase Home Finance in southern Florida, Theckston shoveled money at home borrowers. In 2007, his team wrote $2 billion in mortgages, he says. Sometimes those were “no documentation” mortgages.
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