This makes sense
January 11, 2010 | Wall Street Journal, federal legislation, industry | Comments (0)President of the Federal Reserve Bank of Atlanta says this in today’s Wall Street Journal:
Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, said that it was likely that an oversight group would be formed to better identify how links in the financial markets can fuel a crisis.
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Mr. Lockhart said he remains against the idea of creating a new consumer-protection agency. He also said that he expected to see steps on aiding Fannie Mae and Freddie Mac in the coming months.
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