money.cnn.com - 12/1/2008
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WASHINGTON (AP) -- The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial ...
ritholtz.com - 12/2/2008
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ritholtz.com —
“In hindsight, it was spot on.” -Jeffrey Brown,
former top official at the Office of Comptroller of...
the Currency, one of the first agencies to raise concerns about risky lending. > A brutally damning article about the warnings ...
(more)
Bush WH Ignored Mortgage Meltdown Warnings
news.yahoo.com - 11/30/2008
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The Mess That Greenspan Made —
... - Commodity Online U.K. Manufacturing Shrinks Most Since 1992, Home Prices Slide - Bloomberg German complacency poses a serious threat - Financial Times BOJ to Hold Emergency Meeting Tomorrow on Corporate Funding - Bloomberg European Manufacturing Contracts More Than Estimated - Bloomberg World stability hangs by a thread as economies continue to unravel - Telegraph HOUSING Home Prices Snowball - Forbes Government warned of mortgage meltdown - CNN/Money Will NYC dodge the real estate crash ...
Bush WH Ignored Mortgage Meltdown Warnings
The Big Picture —
... than expected.
The banks that lobbied most aggressively against the rules reads like a who’s who of bankruptcy and FDIC conservatorship: IndyMac, Countrywide Financial, Washington Mutual, Lehman Brothers, and Downey Savings.
>
Source:
US diluted loan rules before crash
MATT APUZZO
AP, December 1, 2008
http://www.google.com/hostednews/ap/article/ALeqM5hTDPY8hFtJLxsv8i1Q7OvoRrlYrQD94PQ0JO0
Government warned of mortgage meltdown
Regulators ignored warnings about ...
Here Comes the Foreclosure Cavalry
Fund My Mutual Fund —
... Nothing. We have embraced an ideaology here that is showing to be a complete hoax. The whole lobbying system in the US has simply corrupted everything and we have these repeated national meltdowns as certain subsets of society make off in our "reverse Robin Hood" mantra (steal from the poor to give to the rich) Now, those same people will pay many times more to subsidize the fallout. Anyhow, when I listen to Fox News I am informed it is all ACORN's fault.... CNNMoney: Government Warned of Mortgage Meltdown The Bush administration backed off ...
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money.cnn.com 12/2/2008 — (Fortune Magazine) -- On a gloomy morning in early August, more than a month before Wall Street and the world's financial system seized up, a senior aide to Iceland's Prime Minister paid a visit to the Russian embassy in Reykjavík to make a ...
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