Page 8 - David Dworkin News Today

Barr is dean of the University of Michigan’s Gerald R. Ford School of Public Policy, and was an assistant Treasury secretary for financial institutions during the Obama administration.

Michael Barr is the dean of Michigans Gerald R. Ford School of Public Policy.

WASHINGTON — President Joe Biden said Friday he plans to nominate Michael Barr, the dean of the University of Michigan's public policy school, to be the Federal Reserve's vice chairman of supervision.The selection of Barr comes after Biden's first choice for the Fed post, Sarah Bloom Raskin,…

The president's first choice, Sarah Bloom Raskin, withdrew her nomination due to insufficient support in the Senate.

WASHINGTON (AP) -- President Joe Biden said Friday he plans to nominate Michael Barr, the dean of the University of Michigan's public policy school, to be

The selection of the dean of the University of Michigan's public policy school comes after the president's first choice, Sarah Bloom Raskin, withdrew her nomination in the face of opposition from Republicans and one Democrat.

The main law policing redlining is the Community Reinvestment Act, which regulators enforce when banks seek to grow bigger. While Biden administration officials claim that rooting out redlining is a top priority, the federal government's merger review process is a mere formality.

The Federal Housing Finance Agency (FHFA), in its new strategic plan, indicated it is heading in a different direction than under the previous administration.

And much of the private equity gobble-up of the housing market is helped by government-backed Freddie Mac.

Amid a national housing crisis, giant private equity firms have been buying up apartment buildings en masse to squeeze them for profit, with the help of government-backed Freddie Mac. Meanwhile, tenants say they’re the ones paying the price.