US Federal Reserve’s subprime regulations shield Wall Street banks

'The measures proposed by the Fed will do nothing to help the victims of past predatory lending practices or those falling behind in their payments and facing foreclosure. They are tailored to shore up the banking system and preempt tougher measures against lenders, mortgage servicers and banks that have been introduced in Congress. These measures, introduced by Democrats, are themselves extremely limited and include no serious proposals to halt foreclosures or help working class families in distress.'