How Mortgage Industry Problems Parallel Vendor Cost Management
Today’s news shows that Allstate is suing Countrywide (owned by Bank of America) for misrepresenting the mortgage investments Countrywide sold Allstate. You can read a good analysis here. http://www.zerohedge.com/article/how-allstate-used-sampling-confirm-bofacountrywide-lied-about-virtually-everything-selling-m?goback=.gde_40850_member_38750536 Allstate claims to have had no idea what is was really buying, just like most firms have no idea what they’re really buying from their telecom […]

