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Released: November 23, 2011
Financial finger-pointing turns to regulators
Source: Louise Story & Gretchen Morgenson, N.Y. Times (Free Registration)
In the whodunit of the financial crisis, Wall Street executives have pointed the blame at all kinds of parties — consumers who lied on their mortgage applications, investors who demanded access to risky mortgage bonds, and policy makers who kept interest rates low and failed to predict a housing market collapse.
But a new defense has been mounted by a bank executive: my regulator told me to do it.
Read Full Article: Financial finger-pointing turns to regulators
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