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Today we are facing a severe economic crisis which is placing unprecedented stress on every sector of financial system. At the same time a golden opportunity born from the crisis is sitting at our doorstep waiting for us to take action. Seventy-five years ago (1934) in the face of the Great Depression...
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During the first day of a scheduled two-day hearing on proposed housing legislation sponsored by Committee Chairman Barney Frank, Federal Housing Administration (FHA) Commissioner Brian D. Montgomery testified before the House Financial Services Commission. While most of his remarks centered on the proposed...