The Justice Department said last week that it is investigating General Motors' financing arm over its subprime lending
While it is not possible, in this study, to identify personal prejudice on behalf of lenders, racial disparities in subprime lending
are nonetheless part of a long trajectory of structural, race-based disenfranchisement."
"With this lawsuit, real victims of the subprime lending
scandal are stepping forward to hold investment banks like Morgan Stanley accountable for the devastation the banks wrought in their lives and in our economy," ACLU Executive Director Anthony D.
Finally, Duke tackled the question of whether any signs suggest that community bank lending poses the same risks as subprime lending
, which shared many of the same characteristics.
has helped increase sales for companies, including Chrysler Group LLC, part of Italian Fiat SpA (Milan: F), Ford Motor Co.
He exposes the 'mistakes' and shady dealings by banks, lending agencies, regulators, and lobbyists, focusing on three main aspects of the crises: new capital standards, Fannie Mae and Freddie Mac's subprime lending
, and the high-risk strategies of investment banking firms.
lobster-fishing industry and the subprime lending
"The Subprime Lending
Crisis and Reliable Reporting: Limitations to the Use of Fair Value in Unstable Markets," by Benjamin P.
Since then, he said, his job has always been a "bit crazy," never knowing what he would be dealing with next, whether it be a bank merger, compliance with Community Reinvestment Bank regulations, the growth of subprime lending
, the foreclosure crisis, criticism (unfounded, Little would say, when it comes to community banks) of banks in the wake of the federal bank bailout.
Indeed, lending to governments and banks in the European periphery represents the European equivalent of subprime lending
in the US (which was also concentrated in a few sunshine states).
As with the collapse of the subprime lending
industry, the showdown between for-profit colleges and the government shows how the aspirations of the underserved, when combined with lax regulation, make the rich, richer and the poor, poorer.
The appeal of subprime lending
is the same as ever: It is more profitable for banks (unless too many borrowers default).