Newsmeme!
Discover News you didn't know existed

• home
• news
• tagging
• how it works
• about
• data

Blind Spot

News

Under pressure, U.S. eased lending rules

Published December 2, 2008, 7:22 am, The World

WASHINGTON — The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents.

Full Story

Tags

No tags found at this time. Be the first to tag this news item, learn more.

Imagery

Related Blind Spot Stories

From Various News Sources

AP IMPACT: They warned us, but US eased loan rules - Associated Press
WASHINGTON (AP) -- The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably ...

Under pressure, U.S. eased lending rules - Statesman Journal
WASHINGTON ? The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...

U.S. eased lending rules under pressure - Globe and Mail
WASHINGTON ? The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...

Under pressure from banking industry, U.S. government eased lending ... - MSNBC
Dec. 1: A CNBC panel discusses new data from the National Bureau of Economic Research saying that the current recession actually began in December, 2007. WASHINGTON - The Bush administration backed off proposed crackdowns on no-money-down, interest ...

White House Ignored Warnings, Eased Loan Rules - New London Day
Washington - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...

Bush Administration Weakened Lending Rules Before Crash - Huffingtonpost.com
WASHINGTON ? The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...

AP IMPACT: US diluted loan rules before crash - San Francisco Examiner
3 hrs ago: AP IMPACT: Under pressure, US eased lending rules In this Sept. 26, 2008 file photo, a woman passes a branch entrance near the headquarters of Washington Mutual Inc., in downtown Seattle. WaMu, one of the nation's largest banks, was seized ...

High court declines pathologist Wecht's appeal - Salon
Dec 1st, 2008 | WASHINGTON -- The Supreme Court has declined to block the retrial of celebrity pathologist Cyril Wecht, who is accused of using government workers and equipment to benefit his lucrative private practice. The justices did not comment ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Retailers, already grappling with slowing sales, are hoping that Black Friday and this year?s holiday shopping season brings a much needed ...

'Sassy' Elisabeth Hasselbeck believes in Maverick Sarah Palin - Popwatch
That is just one issue on his background. I find it interesting that two Wits have been sent to the US Supreme Court ... one from PA and one from New Jersey on the background issue. It isnt lame and serious ramifications do exist if the background ...

Related Social Bookmarks

None found at this time.