Saturday, May 08, 2010

4 ways Congress caused the financial crisis

4 ways Congress caused the financial crisis
"Bankers may have rushed to create fancy new securities, but it was legislators who enabled risky behavior by housing giants Fannie Mae and Freddie Mac — and failed to instill watchdogs like the Federal Reserve and the Securities and Exchange Commission with the backbone needed to rein in risky activities.

In detail, Levine makes these points that illustrate the role of Congress:"

No comments: