tagged w/ bad at his job
If you hired someone in Japan who has never seen Superman to design a knock-off costume of the Man of Steel, he might come up with something as awful as Mon-El's new costume.If you hired someone in Japan who has never seen Superman to design a knock-off... more
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.
"Expect fallout, expect foreclosures, expect horror stories," California mortgage lender Paris Welch wrote to U.S. regulators in January 2006, about one year before the housing implosion cost her a job.
Bowing to aggressive lobbying — along with assurances from banks that the troubled mortgages were OK — regulators delayed action for nearly one year. By the time new rules were released late in 2006, the toughest of the proposed provisions were gone and the meltdown was under way...
Read The Rest at Link...WASHINGTON – The Bush administration backed off proposed crackdowns on... more