"By 2005, 38% of World's clients had subprime credit scores. And customers were shown fliers that told them their income would not be checked by the bank.
"So I don't really need to know what you make. I don't need proof. You tell me you make $200,000 a year? You make $200,000 a year," Bishop said.
"No verification?" Pelley asked.
"Not gonna check," Bishop replied.
Asked how many loans would be covered in a single day, Bishop said, "80, 90, we would keep track of it. 80, 90, 100 would be reviewed, yeah. Oh, yeah."