(Reuters) - ST. LOUIS, July 20 - Poor underwriting and
investment decisions in subprime mortgage markets have led to
the losses that are now even-handedly punishing lenders and
investors, St. Louis Federal Reserve Bank President William
Poole said on Friday.
"I believe we should conclude that this year's markets
punished mostly bad actors and/or poor lending practices,"
Poole said in remarks prepared for delivery to a real estate
group.
Read more at Reuters.com Government Filings News
investment decisions in subprime mortgage markets have led to
the losses that are now even-handedly punishing lenders and
investors, St. Louis Federal Reserve Bank President William
Poole said on Friday.
"I believe we should conclude that this year's markets
punished mostly bad actors and/or poor lending practices,"
Poole said in remarks prepared for delivery to a real estate
group.
Read more at Reuters.com Government Filings News
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