Was mortgage crisis caused by lack of regulations?
5:04 PM Wed, Oct 08, 2008 | Permalink David Krough
By William B. Conerly, Special to kgw.com
Was the Sub-Prime Mortgage Crisis Caused by Lack of Regulations?
Did lack of regulation create the subprime mortgage crisis? I am asked this all the time. The short answer: Of course not. Nowhere close. Not a chance. Here is the long answer.
What regulations have we had? The mortgage originator (your local bank or mortgage broker) was under regulation...
