Glenn Hubbard,  Dean of Columbia’s business school, testified on behalf of Countrywide in a lawsuit. His analysis concluded that Countrywide’s loans weren’t any worse than the loans produced by other mortgage originators, and that therefore the monstrous losses that investors in those loans suffered were due to other factors related to the economic crisis – and not caused by the serial misrepresentations and fraud in Countrywide’s underwriting.

via Glenn Hubbard, Leading Academic and Mitt Romney Advisor, Took 1200 an Hour to Be Countrywide’s Expert Witness | Matt Taibbi | Rolling Stone.