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Politics : Formerly About Advanced Micro Devices

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To: Brumar89 who wrote (425750)10/13/2008 9:31:56 PM
From: tejek  Read Replies (1) of 1573957
 
States warned about impending mortgage crisis

Bush administration, financial industry thwarted efforts to curb greed

By Robert Berner and Brian Grow
Sun., Oct. 12, 2008

More than five years ago, in April 2003, the attorneys general of two small states traveled to Washington with a stern warning for the nation's top bank regulator. Sitting in the spacious Office of the Comptroller of the Currency, with its panoramic view of the capital, the AGs from North Carolina and Iowa said lenders were pushing increasingly risky mortgages. Their host, John D. Hawke Jr., expressed skepticism.

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