But the Federal Reserve was responsible for overseeing the banks that made those loans, and/or the mortgage brokers, we gave that power to the Fed and just because they did not write any regulations, we ran into all this mischief.
Bunning discusses the Fed's oversight failures leading to the housing crisis.
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It seems impossible and outrageous that it took 8 years from the time that possible fraud was identified before the SEC spent any energy on enforcing the law.
No, no, no. Why is it your decision to report to the SEC and not to the public which you have an obligation to do?
Five weeks is a pretty good time to be able to read the report and, according to the Inspector General, redact those things that should not be made public.