Credit Suisse And The $12K A Month Stripper Loan

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CNBC:
A debate about a $1 million home loan made to a stripper in Charlotte, North Carolina has turned up in the bond insurer MBIA’s case against Credit Suisse.

The loan to the stripper was a “stated income” loan. The stripper apparently claimed to be earning $12,000 a month, for an annual income of $142,000. Credit Suisse bankers ask in emails submitted with court filings by MBIA whether such a figure is realistic.

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This link has the email chain... emails

One banker asks why she can't provide bank statements.
Another answers because entertainers operate in cash and that she works at a high end club not a sleazy one.
The first banker comes back saying the envelopes used to pay her bills in small denomination cash must get pretty heavy.