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March 31, 2007
Unconscionable Lending Led To Crisis
A look at
lending and the housing market.
lending and the housing market.
Gee. That sounds awfully familiar. A repeat of the 1980s, complete with foreclosed mortgages, shuttered lenders, lawsuits, and federal agencies which seemed to ignore the brewing storm clouds. The result back then was that several individuals went to prison and one federal agency was dissolved and its duties taken over by the FDIC.
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Posted on March 31, 2007 03:41 AM by money 649.
Filed in Money in the Bank under money in the bank.
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