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 Columbia Journalism Review, Memeorandum

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Fred Gatlin
4.0
 by Fred Gatlin - Sep. 27, 2009

This article covers a long period and is in depth. Reading it makes me wonder how a regulating agency can choose what to regulate and what to ignore. It is an important story as Congress and the Administration look at regulatory changes.

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