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Loan Modification

: Mortgage Lender Implode-o-Meter

Geithner and the NY Fed Accused of Willfully Ignoring Fraud and Covering Up Lehman's Bad Assets by Senior Regulator During the S&L Crisis

By Implode-Explode Heavy Industries

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``The FRBNY acted shamefully in covering up Lehman?s inflated asset values and liquidity. It constructed three, progressively weaker, stress tests ? Lehman failed even the weakest test. The FRBNY then allowed Lehman to administer its own stress test. Surprise, it passed.''

Full post as published by Mortgage Lender Implode-o-Meter on April 21, 2010 (boomark / email).

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