All Commentary
Tuesday, May 17, 2011

Wall Street Banks Under Investigation in Mortgage Debacle


“The New York attorney general has requested information and documents in recent weeks from three major Wall Street banks about their mortgage securities operations during the credit boom, indicating the existence of a new investigation into practices that contributed to billions in mortgage losses.” (New York Times)

Don’t forget their accomplice: the U.S. government.

FEE Timely Classic
“The Subprime Crisis Shows that Government Intervenes Too Little in Financial Markets? It Just Ain’t So!” by Lawrence H. White