Greenspan’s Federal Reserve
This chapter discusses the Federal Reserve Board's enforcement actions during the housing bubble. It describes Fed chairman Alan Greenspan's aversion to regulation and the distinct ideological imprint he put on the Fed, which was most evident in mortgage lending. It also covers the Fed's power to regulate reckless mortgages; the Truth in Lending Act disclosures, the main form of mortgage regulation at the Fed; supervision of lending institutions by the Fed; and other Fed enforcement actions affecting mortgage lending.
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