So when LeCroy got indicted and pleaded guilty to municipal fraud in Philadelphia, he was acting completely on his own?
I guess for those of us in the peanut gallery, it's hard to separate the actions of Senior Corporate Executives, such as Mr. LeCroy - from the corporate entities they represent.
At Argent Mortgage the official line was "Do the right thing" - but the reality seemed to be more like "Do the right thing (nudge nudge wink wink) and don't get caught".
Does anybody in the financial industry understand the concepts of Truth and Honor these days? Because, if so, it surely does not seem to be apparent upon observation of their actions.
This routine exploitation of the inequity in financial knowledge is repugnant and disgusting. Whether done by a subprime boiler-room peon or by a managing director at JP Morgan Chase, as Mr. LeCroy was - it's still repugnant and disgusting.
This is the day after Memorial day. Such behavior is a disgrace to the memory of every American soldier who has ever sacrificed in order to create the environment of freedom which these predators exploit.
Is THIS what they died for?