Political Quotes

Jim Bunning: “But the Federal Reserve was responsible for overseeing the banks that made those loans, and/or the mortgage brokers, we…”

On the recordAugust 4, 2009
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.
Said by
Jim Bunning

Editor's note · Context

Bunning discusses the Fed's oversight failures leading to the housing crisis.

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Nov 15, 2010

You all have not come up with a solution to solve it.

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

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You need a change in the law then.

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I think the SEC better be capable of better things.

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