On the recordDecember 2, 2009
You are the definition of a moral hazard.
Said by
Jim Bunning
Source
congress.govYou are the definition of a moral hazard.
Bunning criticizes the nominee for bailing out large financial institutions.
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In 2006, we had a huge housing crisis in this country. And even before that, the mortgage crisis showed its face in 2001 and 2002.
Are the Fed and the GSEs going to aggressively pursue pull-back of mortgages to the originators and investment banks to reduce taxpayer losses?
I continue to hear from well over 40 Kentucky community banks about the heavy hand of your examiners and their supervisors.