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When the Big Boys Get in Trouble, the Little Taxpayer Pays the BillIt was at a large wedding reception in New York City that I saw Chairman of the Federal Reserve, Alan Greenspan, sitting down to dinner one spring evening in 2000. Having heard on the grapevine that the Federal Reserve was finally going to do something about predatory lending-an area of enforcement under their jurisdiction-I went over to his table and asked him this question:"Mr. Chairman, I hear that you are going to crack down on predatory lending practices." He nodded and said quite firmly, "Yes, Enough is Enough." | |
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