Post Uncovers Countrywide's Regulator Shopping

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In 2007 Countrywide changed its status to become a thrift institution so that it could be regulated by the Office of Thrift Supervision rather than the Office of the Comptroller of the Currency. They did this to get less regulatory scrutiny of their lending practices. The story isn't new, but it's still good that the Post took the time to tell it.

--Dean Baker

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