Jim Bunning: “The Fed would like to have the authority and the power to enforce. We gave you that 14 years ago--more than 14 years…”

Are the Fed and the GSEs going to aggressively pursue pull-back of mortgages to the originators and investment banks to reduce taxpayer losses?

You need a change in the law then.

I have had the great fortune of having three wonderful careers during my life: one as a husband and father of 9 children and a grandfather of 40, one as a Major League baseball player for 27 years, and one in public service for 30 years…

I will be more than happy to give you 40 names of 40 banks.