Skip to content
Technology & Innovation

Resisting Reform

“Lawmakers need to demand that regulators show a real commitment to policing the banking and mortgage industries,” writes Michael W. Hudson.
Sign up for The Nightcrawler Newsletter
A weekly collection of thought-provoking articles on tech, innovation, and long-term investing from Nightview Capital’s Eric Markowitz.

Michael W. Hudson cites a growing body of evidence that “fraud and predatory lending were open secrets in the mortgage business—and that finance executives condoned and encouraged an array of shady tactics in the hunt for bigger profits.” As Washington hashes out financial reform, he writes, “lawmakers need to demand that regulators show a real commitment to policing the banking and mortgage industries and put in place tough directives, including a requirement that lenders ensure that borrowers can afford their loans over the long haul.”


Related

Up Next
Emily Bazelon thinks that the youth and judicial inexperience of Elena Kagan, President Obama’s selection to replace Justice Stevens on the Supreme Court, make her a good choice for the job.