The now bankrupt sub-prime lender has been found by courts to be at fault for not adopting standardized accounting procedures which could have allowed them to monitor the performance of the company. As far back as 2005, financial reports have been found to be false and heads are going to roll for sure. The company’s management has also been found to be at fault for the excessively aggressive pursuit of clients without proper risk-management analyses which could have also raised warning signs way before the crunch took place. The bottom line, they gave too many loans to too many people who couldn’t afford them. Even the independent auditor they employed failed to see the discrepancies in the company’s financial records allowing them to get through to the public without anyone knowing something was wrong.