ABC National - WOND
Justin Sullivan/Getty ImagesNEW YORK -- Four years before Lehman Brothers collapsed and set off the worst U.S. financial disaster since the Great Depression, Ruhi Maker warned top officials at the Federal Reserve that the nation's housing bubble could wreak "enormous" economic damage. Maker, a housing attorney in Rochester, New York, told Fed officials that a flood of faulty home loans could imperil the soundness of major investment banks, even naming Lehman Brothers, according to a transcript of the meeting. The testimony drew on experience at the frontlines of a foreclosure crisis ...
Source: wondradio.com
