Why did the Fed Refuse to Heed Warnings About Fraudulent Mortgage Lenders? | Alternet
"Real regulators are vital to a nation. They can stop crises in their tracks — or they can let a them explode on an unsuspecting public. The Federal Reserve was warned by many different people, including appraisers, prosecutors, and industry players that the mortgage industry was rife with fraud. Why didn't they listen?"
