Quote by Eliot Spitzer

Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done.

Imagine if the pension funds and endowments that own much of

Summary

This quote suggests that if pension funds and endowments, which are major shareholders in financial services companies, were to demand a reevaluation of how mortgages are marketed to individuals who lack the required understanding, the management of these companies would be compelled to make necessary changes. It implies that the influential voice of these shareholders can drive reforms in the financial sector to prevent the sale of complex financial products to vulnerable individuals.

Topics

Change

By Eliot Spitzer

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