On the recordJuly 14, 2010
I would describe the guidance that came out as weak and the material loss reviews that have been done of the institutions that we supervise essentially say that this was the pitfall.
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congress.govJanet Yellen: “I would describe the guidance that came out as weak and the material loss reviews that have been done of the…”
Editor's note · Context
Yellen criticizes the effectiveness of regulatory guidance during the financial crisis.
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