The Justice Department Sues a Bank for Prudent Lending.
26th September 2012
Bankers can be forgiven if they can’t figure out this regulatory whipsaw. They get punished if they make loans that are too risky, but they also get fined if they don’t make risky loans to enough minority borrowers based solely on some Washington quota.
In these degenerate modern times, the highly-politicized Justice Department will jump on you, not just for possibly breaking the law, but for insufficient zeal in the service of the Administration’s political agenda.
I rather suspect that Thomas Jefferson would not be comfortable with that.