February 10, 2010 10:53 AM

I agree with your concepts. There are however many new ideas and approaches to the financial services industry from inside. However, they come from the staff and other members of the community. I developed a risk model for evaluating lender process quality which would have literally prevented at least 50% of the foreclosures we are faced with today. The response was just as you say, from the originator to Wall Street. Only recently have some of these individuals begun to pay attention to what I have identified as a huge unknown risk that we have failed to incorporate into risk management. Maybe if I advertise that I am a consultant from the waste management business they will realize what a great idea this is and how much the model can save them.