The Wall Street Journal reported Monday morning that the Federal
Deposit Insurance Corporation (FDIC,) rather than being
part of the solution to the subprime mortgage crisis, was actually
among those institutions that caused it.
Superior Bank was, in the early 2000s, a leading subprime lender and
that operation continued, under FDIC supervision, for months. During this
time, according to the Journal, Superior funded more than...
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