Big Banks Win, Taxpayers Lose as Fannie Insurance Overhaul Spiked

Print
Email
Reprints
Comments (5)
Twitter
LinkedIn
Facebook
Google+
Player Template for http://www.americanbanker.com

092012_FHFA.pdf

JOIN THE DISCUSSION

(5) Comments

SEE MORE IN

Who's Who in Auto Lending Investigations
As U.S. auto lending has boomed, the industry — especially its subprime sector — has become a growing target for a slew of prosecutors and regulators. Here are seven government agencies to keep an eye on.

(Image: Bloomberg News)

Comments (5)
Another one of those actions by a federal financial regulatory agency that deserves the famous words of John McEnroe, "You cannot be serious." Sadly, this action demonstrates that the government bailout of the Too Big To Behave Banks has not ended.
Posted by jim_wells | Tuesday, February 26 2013 at 8:51AM ET
And the House of Representatives is silent as the hogs continue to feed at the taxpayer's trough.
Posted by andkel | Tuesday, February 26 2013 at 9:22AM ET
So one of the trade organizations leading the charge against the public's interest was the Financial Services Roundtable, led by Tim Pawlenty, President & CEO (and former Governor and Presidential candidate), a prime example of the revolving door approach to 'public-private partnerships' that has become exceedingly abusive to taxpayers.
Posted by andkel | Tuesday, February 26 2013 at 9:31AM ET
A more appropriate quote from McEnroe would be a string of his more alliterative explitives. Forced place insurance was and now will continue to s predatory program to kick the consumer when he's down. Ok then, bring on CFPB and mega-fines if that's all the industry will listen to.
Posted by j.doe | Tuesday, February 26 2013 at 11:39AM ET
Looks like this will be another problem with the Too Big To Behave Banks that will have to be sorted out by state regulators and/or attorneys general, because federal regulators care more about the banks than they do about consumers.
Posted by jim_wells | Tuesday, February 26 2013 at 11:51AM ET
Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Marketplace
Fiserv is a leading global provider of information management and electronic commerce systems for the financial services industry.
Learn More
Informa Research Services is the premier provider of competitive intelligence, mystery shopping, and compliance testing services to the financial industry.
Learn More
CSC is a leader in private-label, third-party loan servicing with 30+ years of proven experience in delivering effective, cost-effective solutions.
Learn More
Already a subscriber? Log in here
Please note you must now log in with your email address and password.