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A Lot of Blame to Share in Subprime Sinkhole

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A Lot of Blame to Share in Subprime Sinkhole

Economy

A Lot of Blame to Share in Subprime Sinkhole

A Lot of Blame to Share in Subprime Sinkhole

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  • <iframe src="https://www.npr.org/player/embed/12847198/12847201" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Robert Siegel talks with Financial Times reporter Saskia Scholtes about the article "As Subprime Bites, U.S. Investigators Look for Culprits."

Scholtes, and colleague Brooke Masters, found fraud at myriad levels of the market, from borrowers who overstate their incomes, to fraudulent companies that offer help to lie about income, to lenders who don't bother to check.