His message now is that the mortgage fraud that metastasized during the bubble is not only still with us; it may be getting worse than before, thanks to the burgeoning creativity of young hustlers like himself in the face of out-of-touch enforcers: “I actually had an FBI agent ask me ‘how in this market with all the changes is it even still possible to get cash back on a purchase’. Any FBI agent who has to ask that question, shouldn’t be involved in a mortgage fraud investigation, period.”  

Warren is likely exaggerating his case somewhat, in the apparent hope of having himself appointed mortgage fraud czar (”I am the man for the job, Chris Warren, have the management experience, the banking experience, and could assist in the oversight of the most major transformation of mortgage regulation without changing one guideline and still completely eliminate mortgage fraud and restore confidence in the American dream and the securities that that very dream provides for investors”). It would be nice to have him say some of this same things under oath sometime. But I won’t grade Warren down for poor grammar or worse morals — he’s got some worthwhile things to say.