Thursday, July 24, 2008

FDIC Faces Mortgage Mess After Running Failed Bank

(WSJ) Federal officials heap much of the blame for the subprime mortgage mess on lenders, claiming they recklessly made too many high-cost home loans to borrowers who couldn’t afford them.It turns out that the U.S. government itself was one of the lenders giving out high-interest, subprime mortgages, some of them predatory, according to government

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