Lending Without Oversight

Banks took advantage of the Federal ReserveÕs decision not to police abusive lending by bank affiliates, making more than 1.1 million subprime loans through affiliates between 2004 and 2007:

SOURCE: Staff reports | The Washington Post - September 27, 2009

This Story Fed's approach to regulation left banks exposed to crisis Article \| Foreclosures already pocked Chicago's poorer neighborhoods but the downtown still was booming as the Federal Reserve Bank of Chicago convened its annual conference in May 2007. What became of the biggest players A breakdown in oversight and rules Banking on the Fed: As Subprime Lending Crisis Unfolded, Watchdog Fed Didn't Bother Barking Lending Without Oversight This Story As Subprime Lending Crisis Unfolded, Watchdog Fed Didn't Bother Barking Article \| The visits had a ritual quality. Three times a year, a coalition of Chicago community groups met with the Federal Reserve and other banking regulators to warn about the growing prevalence of abusive mortgage lending. Lending Without Oversight Post Mortem: The Fed's Canary in the Meltdown		Network News X Profile View More Activity TOOLBOX E-Mail This Reprints
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