Congress Investigates Housing Bubble Mortgage Lenders: Bipartisan Inquisition Starts Today.
Congress today eyes new restrictions on your access to money:
“Ideas that seemed out of the mainstream today may become mainstream in the future”— Andy Laperriere, International Strategy and Investment, quoted by Caroline Baum at Bloomberg.com
Bipartisan Bloodlust . . . but Blind to Borrower Fraud?
Barney Frank (D-MA) and Spencer Bachus (R-AL), party leaders of the House Financial Services Committee, vowed to hold mortgage-bond investors liable for deceptive lending practices—but I saw no intention to investigate deceptive borrowing practices.
Does predatory borrowing get a free pass?