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Posted inMoney and Politics

Subprime lending execs back in business 5 years after crash

Financial company executives testify before the U.S. Senate Banking Committee in 2007. At the time, Andy Pollock (far right) was president of First Franklin, a subprime mortgage lender whose risky loans hastened the downfall of Merrill Lynch. Today, he’s co-CEO of Rushmore Loan Management Services, a company that traditionally collected payments on loans and now […]