"Mitch Haley" <[EMAIL PROTECTED]> said:

> Finally, a little honest discussion:
> 
> Fed has done "as much as it can": Fed's Hoenig
> &#8211; Mon Nov 17, 6:23 pm ET
> 
> WASHINGTON (Reuters)

[...]

> U.S. banking and financial regulators have been criticized for not acting 
> quickly enough to curtail the risky lending and financial activities that 
> caused 
> the surge in mortgage delinquencies that triggered the financial crisis. U.S. 
> lawmakers are expected to tackle a broad overhaul of financial regulation and 
> oversight when President-elect Barack Obama takes office in January.

Not acting to curtail the risky lending????  Their policies are what
ENCOURAGED it!!!

Allan
--
1983 300D


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