During the mortgage boom the Federal Reserve refused to regulate leading banks’ businesses wholly focused on making loans at high interest rates, largely in the black and Hispanic neighborhoods.
Fed didn’t bark at subprime loan abusesCourtesy Newsvine - business Sun, 09/27/2009 - 01:52
During the mortgage boom the Federal Reserve refused to regulate leading banks’ businesses wholly focused on making loans at high interest rates, largely in the black and Hispanic neighborhoods. Related itemsFed Gave Banks $13 Billion in Secret Loans
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