As Subprime Lending Crisis Unfolded, Watchdog Fed Didn’t Bother Barking

Washington Post by Binyamin Appelbaum | Sep. 27, 2009 (Special Report)

Under a policy quietly formalized in 1998, the Fed refused to police lenders' compliance with federal laws protecting borrowers, despite repeated urging by consumer advocates across the country and even by other government agencies. Full Story »

Posted by Kaizar Campwala - via Memeorandum

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4.2
 by Jack Powers - Sep. 27, 2009

Shows in a number of ways why the Fed may not be the righr kind of agency to protect mortgage borrowers.

(6 answers)

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