The Monster by Michael W. Hudson

Author:Michael W. Hudson [Hudson, Michael W.]
Language: eng
Format: epub
Publisher: Times Book
Published: 2010-11-07T22:00:00+00:00

Q. Did you ever instruct loan officers to charge elderly people who are not really with it only a maximum of 18 points, as opposed to 20.9 points?

A. Yes.

Q. All heart.

A. Thanks.

Chisick was a hard witness to shake concessions out of. After the borrowers’ attorneys complained that Chisick was being vague and unresponsive, Judge Carter ruled that the “consistent ambiguity” of his answers had reached a “threshold of evasiveness” that made it difficult for the plaintiffs’ attorneys to conduct their examination. Scruggs and Barrett kept pushing, asking question after question in excruciating detail. Chisick responded to one line of questioning by saying: “You are beating this to death, but I agree, yeah.” He maintained that his company’s attackers were twisting facts and smearing his company.

When it came time to discuss FAMCO’s practice of electronic eavesdropping, he testified that the company kept tabs on its sales force to make sure loan officers were doing their jobs properly. “I don’t like the word eavesdrop,” he said. “We would listen in, such as the telephone company and various other large organizations do, you know.”

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