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Buzz & Banter

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Coming across my Bloomberg with regard to the Freddie Mac (FRE:NYSE) scandal: Fed governor "Bies says it is 'not clear' whether process failed or person to blame." Also: "Bies says Fed 'Very Interested in what regulators find.' "

Um... er... not clear whether the process failed or person to blame? This is one of the most important parts of the financial firmament and the Fed isn't sure if the process failed or a person is to blame for the Freddie mess? Whoa.
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