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Fed’s Krozner: Mortgage Markets Need Greater Standardization 

Apr 21, 2008By

Federal Reserve Board Governor Randall Kroszner said on Monday that “a lack of information and insufficient due diligence” were at the root of the U.S. subprime mortgage-backed securities debacle, and suggested that greater standardization would likely be the key to reviving a secondary market that have been stuck in the deep freeze since late last year.

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