On the recordMarch 9, 2009
I firmly believe that had the Fed simply regulated the mortgage lending industry, as Congress directed with the law passed in 1994, much of this could have been averted.
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congress.govRichard Shelby: “I firmly believe that had the Fed simply regulated the mortgage lending industry, as Congress directed with the law…”
Editor's note · Context
Shelby criticizes the Fed for failing to regulate mortgage lending, contributing to the financial crisis.
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