It’s no secret that the risky lending schemes that helped cause New York’s economic collapse took place in full view of the individuals who are supposed to keep tabs on such matters: bank regulators. “It is not that there were no rules. It is that there were so many rules that the risk of the complex investment instruments was difficult…
Tag: Banks
The Financial Crisis: How did we get here?
Here’s an intriguing link about Fannie-Mae and Freddie-Mac. It’s pretty clear that things were bound to go wrong when you read into a bit. Have you seen the 2012 Federal Budget yet? It more or less represents our priorities as a nation. Does this look like your priorities?