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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.

An Industry Unprepared

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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.

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