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| September 24, 2018

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Despite stumbling before the financial crisis, Federal Reserve would get new discretion in Senate banking bill -

Despite stumbling before the financial crisis, Federal Reserve would get new discretion in Senate banking bill

As the financial system teetered on the brink of meltdown in the fall of 2008, then-Federal Reserve Chairman Alan Greenspan — known for years as “the Oracle” — admitted he had been blindsided by the housing crash and breakdown in the credit markets.

“This crisis … has turned out to be much broader…


L.A. Times – Business

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