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White House Ignored Warnings, Eased Loan Rules

Published December 2, 2008, 4:21 am, 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

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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 ...

AP IMPACT: Under Pressure, US Eased Lending Rules - ABC News
In this file photo, a foreclosure sign stands on top of a sale sign outside an existing home for... In this file photo, a foreclosure sign stands on top of a sale sign outside an existing home for sale in the west Denver suburb of Lakewood, Colorado ...

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Before I tackle this week?s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...

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