As home values were starting to fall and subprime loan defaults were starting to rise across the industry in late 2006, Amy Brandt stepped down as WMC’s top executive. She told a trade publication that her contract with GE was ending and, rather than re-enlist, it was time for her “to move on.”
“This was really my baby, and I wanted to wrap up this era because I really love the company,” Brandt explained.
"I think the greatest amount of pain hasn't been felt yet," says Brandt. "I hope we can find a way to bring more liquidity to the market." Amy Brandt October 2007
Well now - that's just pure fucking genius, Amy.
Do everyone a favor, do the right thing, and follow Popper's lead already.
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