Trying to Put a Price on Bank Errors
For more: http://nyti.ms/bk8QG3
Since mortgage paperwork flaws became front-page news this fall, the banks caught in the glare have characterized the problems as technicalities that are easily remedied. Their responses sound a lot like Mike Wazowski, the assistant scarer in “Monsters, Inc.,” who is reprimanded for not turning in his daily reports. “Oh, that darn paperwork,” he tells his supervisor. “Wouldn’t it be easier if it all just ... blew away?”