CULTURE OF CORRUPTION:
So a Fed governor gets popped for potential mortgage fraud and NOW a Fed president is excusing it by saying mortgage paperwork is too complicated for a Federal Reserve official?!
I'm all in favor of simplifying mortgages, but COME ON. https://t.co/XsDzhf2QvX
— Mark Hemingway (@Heminator) August 21, 2025
If you’re not smart enough to get a mortgage, you shouldn’t be a fed governor. And if mortgages are too complicated for fed governors to understand, then the mortgage regulators should all be sacked.