Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

2 at Faith-Based Bank Are Indicted Over Bribes [NYT]

Sunday, May 9, 2010 - 2:15 PM
From the New York Times:
When government regulators here shut down Integrity Bank at the height of the recession, in August of 2008, the bank was seen as just another failed lender that had overvalued the real estate market and collapsed. But a federal indictment unsealed on Friday accused two former vice presidents at the bank of hastening its downfall by selling fraudulent loans to a hotel developer in exchange for bribes.
Not only did the bank's name sound trustworthy, but it was founded on Christian principles, and according to the article gave customers free Bibles.
1
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Monday, May 10, 2010 - 1:13 AM
If there was one thing that Jesus despised the most, it was hypocrites.
1
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,919
Reply