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There is a precedent: in 1994 Congress gave the Fed broad authority to act against abusive mortgage loans.
In 1994, Congress gave the Fed broad authority to regulate unfair, deceptive and predatory lending, whether by banks or nonbank lenders.
After an initial rejection, Congress approved a $700 billion rescue package Oct. 3, giving the Treasury Department and the Fed broad leeway to tackle the problem.
He pours cold water on a proposal by Hank Paulson, America's treasury secretary, to give the Fed broad responsibility over market stability.Mr Greenspan's proposal may be politically difficult.
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The economy has slowed to a pale shadow of its growth in recent years; inflation is high, the currency is declining sharply against the dollar — but the expectations of Brazilians have rarely been higher, feeding broad intolerance with corruption, bad schools and other government failings.
Now, a newly released audit has found that the rural loan program, administered by the United States Department of Agriculture, was plagued by lax government oversight and many of the same sloppy banking practices that fed the broader mortgage debacle.
Even though the government's "Help to Buy" schemes, which subsidise higher-risk mortgages, are probably having only a moderate direct impact, publicity surrounding them has fed a broader conviction that prices can only go up.Moreover, as borrowers chase higher prices their finances are becoming stretched.
"Large-scale financial strain at the household level ultimately fed into broader economic challenges for the country," the report said, "and the completion of the national recovery will ultimately be, in part, a reflection of the well-being of households and consumers".
It was also not clear as to whether the outcomes and recommendations emanating from these meetings were fed into broader quality-improvement processes in the facility.
The failure to include WHO in the initial conceptualization of the Platform [ 1] fed into broader agency politics around WB's contested claim over leadership in health systems policy more broadly, and health systems strengthening specifically [ 39].
RENEWAL has made a contribution through research projects informed by the networking approach to build bridges between actors, which have fed into broader processes that have led to changes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com