GOVERNMENT LOOKED ON AS SUBPRIME MARKET IMPLODED
Topic: Federal Reserve Board, Once in a Lifetime, Federal Agencies19. December 2007 |
Print This Post
|
Email This Post
|
The Federal Reserve Board’s proposal to introduce new restrictions and requirements for mortgage lending masks the organization’s inaction in the years the subprime problem began to simmer. Some inside the Federal Reserve tried to sound the alarm, but neither then-chief Alan Greenspan or policymakers listened. Read Edmund Andrews of the New York Times.
understandinggov.org