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Bill Black and The Federal Reserve?s War Against Effective Regulation

By Implode-Explode Heavy Industries

"The Fed?s regulatory failures pose severe risks today. Three of the key failed anti-regulators occupy some of the most important regulatory positions in the world. Each was a serial failure as regulator. Each has failed to take accountability for their failures. Last week, Dr. Bernanke asserted that bad regulation caused the crisis ? yet he was one of the most senior bad regulators that failed to respond to the fraud epidemic and prevent the crisis. "

Full post as published by Mortgage Lender Implode-o-Meter on January 13, 2010 (boomark / email).