If a $50 million loan goes bad, you feel it.
The result was an industry that wasn't directly accountable when a loan goes bad.
However, the loan did not go through until the following Friday.
For example, some loans never go through a mortgage broker.
If the loans go bad, the most the bank can lose is the capital it's invested.
For people living on the edge, small loans can go far.
And after tonight, I think the loan is going to be withdrawn.
The money is to be reimbursed when the loan goes through.
When those loans went bad, there was also pressure from the top to cover them up.
At some point, those loans are going to get into trouble.