Inside the Mortgage Monster
Michael W. Hudson, Times Books: "Back in the days of the home-loan boom, loan officers at Ameriquest Mortgage worked hard and played hard. They put in ten- and twelve-hour days punctuated by 'Power Hours'—frenzied telemarketing sessions aimed at sniffing out borrowers and separating the real salesmen from the washouts. A frat-house mentality ruled, with liquor and cocaine flowing freely. 'It was like college, but with lots of money and power,' one former Ameriquester, Travis Paules, recalls."
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