Golden West CEO "Scared To Death"

Herbert Sandler CEO of Golden West Financial is concerned:

"Are we concerned about what we see happening in the field? Are we concerned about throwing around the so-called 1% payment rate on the option ARMs, attracting people who are not really qualified for loans? Yes, I'm scared to death about that," Sandler said at the Banc of America Securities 35th Annual Investment Conference. "We leave volume on the table because we give the correct appraisal [on properties]."

But,not everyone will leave it on the table.