Political Quotes

Michael S. Barr: The research shows that there is no basis for the conclusion that low-income or moderate-income households were…

On the recordMarch 28, 2023
The research shows that there is no basis for the conclusion that low-income or moderate-income households were responsible for causing the financial crisis.
Said by
Michael S. Barr

Editor's note · Context

Barr refutes claims blaming low-income households for the financial crisis.

Share

More from Michael S. Barr

May 15, 2023

The bank did respond to regulator citations but those responses were insufficient.

congress.gov
Oct 18, 2023

I believe that it should be the sense of Congress that the policy of the United States is to prevent from Iran from obtaining a nuclear weapon by all means necessary.

congress.gov
May 15, 2023

SVB failed because of a textbook case of mismanagement by the bank and that Federal Reserve supervisors failed to take forceful enough action.

congress.gov
May 15, 2023

What we found is that supervisors were essentially too timid and too slow to raise those standards in a timely enough way.

congress.gov