(Bloomberg) -- Federal Reserve Bank of St. Louis
President William Poole said investors who lost money buying
subprime mortgage-linked securities got what they deserved.
Poole criticized the underwriting standards and interest-
rate assessments of Wall Street and endorsed the Fed's steps to
strengthen consumer safeguards. His remarks come after Chairman
Ben S. Bernanke committed to tougher rules to protect consumers
during his semiannual monetary policy testimony this week.
Read more at Bloomberg Bonds News
President William Poole said investors who lost money buying
subprime mortgage-linked securities got what they deserved.
Poole criticized the underwriting standards and interest-
rate assessments of Wall Street and endorsed the Fed's steps to
strengthen consumer safeguards. His remarks come after Chairman
Ben S. Bernanke committed to tougher rules to protect consumers
during his semiannual monetary policy testimony this week.
Read more at Bloomberg Bonds News
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