During my time as a CA notary, insurance czar Garamendi was fining TCs left and right (not seen before or since as far as I know). Anyway, I had a signing with an EO at the time, and the topic came up. She was really mad and blurted out that Garamandi had a "hard-on" for TCs (her husband about fell off his chair). She went on to say that he could fine them til the cows came home, they were making so much money that it didn't even matter. I about fell off my chair thinking about that and came to the realization that, like you said, it's just the cost of doing business. Kinda like all the delivery trucks double parking in busy cities, wracking up millions of $$ fines in tickets ... just part of the cost of doing business.
Anyway, none of these bad mortgage and mortgage-related guys will ever go to jail. This is America. Capitalism is king. As long as your doing business, providing jobs, etc. you're good to go. |
