Emerging Issues News
7/22/2008 11:08:56 AM EST
FDIC faces mortgage mess after running failed bank
(AP) Federal officials heap much of the blame for the subprime mortgage mess on lenders, claiming they recklessly made too many high-cost home loans to borrowers who couldn't afford them. It turns out that the U.S. government itself was one of the lenders giving out high-interest, subprime mortgages. Full version available to lexis.com subscribers.
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