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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (881674)8/22/2015 1:27:38 PM
From: Broken_Clock  Read Replies (1) of 1575181
 
Dingbat

The fed regulates Banks and the mortgages they use.

Banking Supervision

The health of the economy and the effectiveness of monetary policy depend on a sound financial system. Through supervising and regulating financial institutions, the Federal Reserve is better able to make policy decisions. Bank supervision involves monitoring and examining the condition of banks and their compliance with laws and regulations. If a bank under the Federal Reserve’s jurisdiction is found to have problems or be noncompliant, the Federal Reserve may use its authority to request that the bank correct the problems. Bank regulation includes issuing specific regulations and guidelines to govern the operations, activities and acquisitions of banking organizations.

federalreserveeducation.org

Greenspan and bernanke allowed the subprime fiasco.
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