Silicon Valley banks offer tech giants' new hires 100% mortgages on 24 hours' notice
by Cory Doctorow from on (#1NRKH)
What to do if you've just signed up to work in one of the most expensive real-estate markets in the world, with almost all of your net worth tied up in illiquid shares in your employer's company? Just ask a Silicon Valley bank for a 100% mortgage, which they'll cheerfully supply on 24 hours' notice, with all the "white-glove service" trappings you could ask for. (more")