Whatwasworsewas that the new managers asked them to refresh the strategy that these same consultants had previously developed, which allowed them to start the cycle all over again.
Whatwasworsewas that all the big investors and bankers on Wall Street were investing in these sub-prime loans, so they would pour huge amounts of money into the mortgage industry -- nobody was really seeing whether these mortgages were ones that people were going to have the salary to sustain.