By Zachary A. Goldfarb and Brady Dennis
The Obama and Bush administrations largely ignored the needs of beleaguered homeowners while focusing too narrowly on the well-being of Wall Street during the worst financial crisis since the Great Depression, according to a new book by a top participant in the government’s response.
The book, Bull by the Horns,
by former Federal Deposit Insurance Corp. chairman Sheila Bair, says both administrations’ top advisers paid little more than lip service to helping borrowers at risk of foreclosure, instituting programs they knew were likely to fail and ignoring her recommendations about how to improve them…
Keep reading: Sheila Bair, in new book, faults Obama and Bush advisers during financial crisis – The Washington Post.
Rolfe Winkler at the Wall Street Journal interviews Sheila Bair:
