respond, and as the center of federal efforts to prevent another crisis? J. Kevin Corder provides an incisive account of the Fed choices that contributed to the crash of 2008. Centering his analysis on the oversight of mortgage lending and the regulation/supervision of financial institutions and instruments, Corder draws out the implications of the crisis for the Fed s mission. Equally, he charts the new political and technical challenges that the system faces as the financial sector recovers.

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