WSJ includes article and video link on why Washington and Fed decided to shore up confidence in mortgage buyers Fannie Mae and Freddie Mac.
Cox Testifies on Regulatory Responses to Financial Markets
Argument for Clearer Capital Rules, Not a Fed Role In WSJ, Carnegie Mellon professor and author of “A History of the Federal Reserve,” intones, “Investment banks don’t need the Fed to regulate them. Some clear rules on capitalization would suffice.”
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