Gaint Pool of Money
Satheesh Iyer
Question for the broker (middleman – Silver state mortgage)
How did you determine what stake or levers did you have in this business or
transaction. Since you are the middle person between the borrowers and the guys from
the wall street, how did ethics play in your decisions, since you understood both side of
the world.
Did you want to genuinely help people in need and lend them investing advice or did
your choices were just for financial gains?
Defense
The only thought process I had in my mind was, how to make best use of the situation
and did what I was told to do. I believed that with more investments, more people
buying, and market demand for housing increases, there would be a chain of events
that would grow bigger. I did not sense the bigger picture and lacked clarity of what was
happening in the higher levels.