An Industry Unprepared

Between 2002 and 2006, the volume of loans issued by banks regulated by the Office of Thrift Supervision increased much more rapidly than the amount of money set aside to cover losses on defaulted loans.

SOURCE: Federal Deposit Insurance Corp. | The Washington Post - November 23, 2008

This Story Banking Regulator Played Advocate Over Enforcer Article \| When Countrywide Financial felt pressured by federal agencies charged with overseeing it, executives at the giant mortgage lender simply switched regulators in the spring of 2007. An Industry Unprepared		TOOLBOX E-Mail This Save/Share + Digg Facebook Reddit Twitter myspace SOURCE: Federal Deposit Insurance Corp. \| The Washington Post - November 23, 2008 ¬es=Between 2002 and 2006, the volume of loans issued by banks regulated by the Office of Thrift Supervision increased much more rapidly than the amount of money set aside to cover losses on defaulted loans." onclick="if ( typeof otto != 'undefined' ) { }" onmouseover="changebg2('delicious')" onmouseout="resetbg2('delicious')" target="new">del.icio.us SOURCE: Federal Deposit Insurance Corp. \| The Washington Post - November 23, 2008 \'),\'newstrust\'+(new Date()).getMilliseconds(),\'dependent=no,scrollbars=yes,resizable=yes,alwaysRaised=yes,status=yes,directories=yes,location=yes,menubar=yes,toolbar=yes,width=430,height=750,modal=no\'));ntw.focus();'" onclick="if ( typeof otto != 'undefined' ) { }" onmouseover="changebg2('newstrust')" onmouseout="resetbg2('newstrust')">NewsTrust Stumble It! COMMENT 0 Comments Your browser's settings may be preventing you from commenting on and viewing comments about this item. See instructions for fixing the problem. Discussion Policy CLOSE Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post. Who's Blogging » Links to this graphic
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