World-News

E. Scott Reckard, reporting for The Los Angeles Times, writes: "Freelance financial watchdogs who examined the paperwork on subprime home loans being sold to Wall Street had an inside view of the boom in easy-money lending this decade. The reviewers say they raised plenty of red flags about flaws so serious that mortgages should have been rejected outright - such as borrowers' incomes that seemed inflated or documents that looked fake - but the problems were glossed over, ignored or stricken from reports."

http://www.truthout.org/docs_2006/031708B.shtml



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