Originally Posted by
LogansPapa
But understand that the "P/C Effect" in the loan industry is just the remnants of the "LBJ Effect", and he’s in his grave laughing his ass off, right now.
I see it monthly in my business - if I make a bid to the US Air Force to do the grinding operations on the latest jet fighter landing gear, cross all the "t’s", dot all the "i’s", and get the RFQ in on time - I stand a snowball’s chance in Hell against the bare-bones start-up operation in Compton, owned by a one-legged black woman with explosive diarrhoea.
The government watches over the documents and the quotas like a hawk and punishes those institutions that don’t tow the line.