This is an excerpt from Hudson's new book entitled, The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America--and Spawned a Global Crisis. In this excerpt he illustrates how the capitalist system recruits people, such as Travis Paules, who have sociopathic tendencies:
It was a case, he said, of an unprincipled personality finding a place that encouraged his self-serving instincts. “It’s hard to have a guilty conscience if you don’t have a conscience,” he said.Then this company used him to use others, turning all into monsters to exploit somewhat naive or unknowledgeable people who applied for mortgages. An entire pseudo-industry was built around this scam by the large banking and Wall Street firms.
