Congress and Subprime - Passing the Buck

Published February 25th, 2008 in The Fed. Tags: No Tags.

Over at twofish’s blog we see an interesting note that discusses why Congress won’t be rushing into subprime reform anytime soon. He tends to think that the Fed will continue to take control (and the blame) of this problem.

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This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter

Congress and Subprime - Passing the Buck

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