The recent catastrophic collapse of a bridge in Minneapolis, Minnesota, was a very tragic event. For people on the bridge when it collapsed, there was no warning and no way out. This collapse was unusual because it came suddenly and without warning was clear. In a few seconds, many lives are changed forever.
Although the specific mechanism of activation are brought to collapse, so suddenly and completely, not yet been determined, it is a fact that has made aclear. The recent news of the bridge inspectors had indicated in 1990 that the serious problems with the stability and safety of the bridge. In summary, this bridge has lost its integrity and could not count on him to be carried out to support the charge. This loss of integrity was not openly apparent to all that the day before the crash and no one expects that the disaster happened, but it happened.
For me, gave me some interesting parallelsthe market for subprime mortgages. The collapse of the subprime lending market are due in large part by a general lack of integrity in the world of real estate investments. And this problem documented for some time. Memories of mortgage fraud, borrower fraud, vendor fraud and lasted several years. Loans with loose underwriting standards and poor, has been linked to a total loss of system integrity, and the result was the collapse of subprime mortgages --Loans.
When talking about the integrity of a bridge bearing, or the integrity of a system of mortgage financing, the same applies. If you compromise the integrity of the support, the whole structure will not be at any time. This happened in the market for subprime mortgages, with the bridge in Minnesota.
Personal integrity is the same way. If we do not claim to personal integrity in everything we do, sooner or later, we are doomed to failure. IfError can be sudden and devastating.
It will have an impact on the lives of those closest to us.
More than 80 subprime lenders have failed and gone since the end of 2006. On deck, subprime loans are a way to build up again and start over, but life has been ruined, and the catastrophe that has affected millions of investors, owners and real estate professionals.
Institutional investors such as pension funds and the loss of hundreds of banksMillions of people and focus its remaining resources into safer investments, with more integrity. Private investors, has attracted new funding of illegal money schemes are in the bottom of a river of bad loans down, slowly drowning them. For many of them foreclosure is the only way.
Some merchants sell products without distinction to all stupid enough to believe that the properties are really a good investment. And buyers want to earn easy moneyPurchase without verifying the integrity of the transaction. A few months later, when the buyer has finally realized that lose money on a bad deal, they want everyone but himself to blame. There are predatory lenders, of course, but there are many predatory lenders. All have one thing in common, lack of integrity is to close its large-scale projects in a heap of ruins. And take a bridge, the years to be rebuilt.
Integrity is important,because no system can function properly. Integrity is the support system of bridges to participate in our lives, and to ensure that does not undergo the devastating consequences of bad decisions, greed and dishonesty.If your permission, its integrity can help you make decisions that benefit for life .
Most successful businesses thrive today, because much of its integrity. The company's products can be trusted for the job, employees can be trusted to be honestDecisions and their customers have remained loyal, because instinctively for a company that has integrity. In fact, the best way to grow your business, building a reputation of integrity. This is a sound business plan is essential.
Think fast to avoid company, because I personally believe that we can trust them. Once was for a good cause in a business on the transfer of some repair occurred nationally. They said they needed a new clutchI paid $ 400. A few months later I discovered by chance by another engineer who had lied to them my problem and I pay for a repair that I need. I've never seen that particular chain of repair again. Lack of integrity is something I will never forget, even after more than 20 years.
I invite you to look at life. Living with integrity? If so, you can expect to grow your success will continue for a lifetime. IfDo not live with integrity and excellence in everything you do, you can get the door open for financial or physical disaster on you one day.
Many investors and lenders, which compromises the integrity of a quick buck, we would have to pay the price. Live your life with integrity and excellence, and will see its long-term success, are making it stronger and more sustainable. And do not partner with companies to not compromise his integrity for their workboth. If you fall into the sea, carrying with them only the way in which the collapse of the subprime mortgage companies guide and the many people who work there had.
Integrity of nations is not great, because the integrity that contributes to people of large size. If you have a system of background image support is based on integrity, is the core of a successful life, happy, both personally and financially .***
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