Finance: The White House thinks it can jawbone banks into lending to people they don’t want to lend to. We’ve been down this road before, and it…
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Bashing The Banks (Investor’s Business Daily via Yahoo! Finance)
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In the brief history I outlined earlier, the regulators sat idly by as our financial institutions bulked up on short-term debt to finance large inventories of collateralized debt obligations backed by subprime loans and leveraged loans that ... They include former FDIC Chairman Bill Isaac, former Citigroup Chairman John Reed, famed investor George Soros, Nobel-Prize-winning-economist Joseph Stiglitz, President of the Federal Reserve Bank of Kansas City Thomas Hoenig, ...