How The Government Became A Predatory Lender

07/29/2008 05:12 am ET | Updated May 25, 2011
  • Mark Maremont Wall Street Journal

Federal officials heap much of the blame for the subprime mortgage mess on lenders, claiming they recklessly made too many high-cost home loans to borrowers who couldn't afford them.

It turns out that the U.S. government itself was one of the lenders giving out high-interest, subprime mortgages, some of them predatory, according to government documents filed in federal court.


Read HuffPost Business blogs about the government's increasing footprint in the banking crisis