This week on the Center’s Public I podcast, Executive Director Bill Buzenberg talks to reporter Kat Aaron about how the government failed to regulate the subprime lending industry and allowed an economic meltdown to happen.

Subprime, or high-interest, home loans have been at the heart of the current financial crisis. Government officials were warned as long as a decade ago by bank regulators, consumer advocates, and a handful of lawmakers that these high-cost loans represented a systemic threat to the economy. Despite those warnings, Congress, the White House, and the Federal Reserve all dithered while the subprime disaster spread.

Listen to the interview and check out the full report.

You can view the rest of the Public I podcast series here, or subscribe via iTunes.

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