BAC Home Loans Servicing, LP

You know, we had just taken a decent-sized investment at that point, and now we're really building and scaling mode.

Then Bear Stearns goes down, right? And then my three biggest clients were Washington Mutual, Countrywide Financial, and General Motors.

A month later, two of them didn't exist.

The hard part is, okay, I have close to 900 employees at this point, and you start doing some math.

Except when a black swan event occurs.

Black swan event.

And so literally my three biggest clients were Washington Mutual, Countrywide Financial and General Motors.

A month later, two of them didn't exist.