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 WASHINGTON (AP) - Economic policymakers on Thursday recommended stricter regulation of mortgage lenders as part of a broad effort to prevent a repeat of a credit crisis threatening to drive the country into recession.
With problems in the credit and housing markets worsening, the Bush administration now seems to favor a larger role for government — an approach for which Republicans generally have had little appetite.
Recommendations from a presidential advisory group on financial markets cover mortgage lenders and other institutions, as well as investors, credit ratings agencies and regulators.
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