Massachusetts Regulators Asleep At Wheel During Recent Subprime Era?

In Boston, Massachusetts, New England Cable News reports:

• Where were Massachusetts banking regulators as the subprime mortgage crisis exploded all around them? That question is the focus of a special investigation by the New England Center for Investigative Reporting at Boston University - a collaborative effort that includes NECN, WBUR radio, The Boston Globe and Banker and Tradesman. Did state regulators protect the public or fall asleep at the wheel?

For more, see Mass. regulators lag New England in disciplining brokers and lenders.

See also, The Boston Globe: Few Mass. brokers hit for abuses (Mortgage lending regulators lag peers in other N.E. states).