April 7 (Bloomberg) — Dean Baker, co-director of the Center for Economic and Policy Research, talks with Bloomberg’s Matt Miller and Carol Massar about former Federal Reserve Chairman Alan Greenspan’s testimony on his leadership of the central bank.
“The Federal Reserve, often in partnership with the other federal banking agencies, was quite active in pursuing consumer protections for mortgage borrowers,” Greenspan said in Washington. “Regulations and guidelines, however, do require enforcement, and the structure of the Federal Reserve during my tenure was much more focused on regulation and supervision than on enforcement.” (Source: Bloomberg)
Duration : 0:4:29
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