Jim Bunning: “But the Federal Reserve was responsible for overseeing the banks that…”

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

Source

congress.gov

Editor's note · Context

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

Share on X Share on Facebook Email this quote

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

Editor's note · Context