As near as I can tell, Dodd doesn’t hold borrowers responsible at all in this mess. He does, however, have this amazing generalization about brokers:
[2:42] If you go to their [sic] website of brokers, the very first thing they advise their brokers is to convince the borrower that you are their financial advisor- even though they are being paid by the lender or someone else, and so they go in, and lure people in by suggesting, I’m here to help you, I’m going to get you a better deal, and so forth. They get paid according to how high an interest rate they can get you to sign on to. Their compensation depends on their ability to sell you a higher rate of financial obligation, than would otherwise be the case.
