The Fed encourages its employees to keep their heads down, to obey their managers and to appease the banks. That is, bank regulators failed to do their jobs properly not because they lacked the tools but because they were discouraged from using them.They weren't "discouraged", they were fired when they attempted to use them.
Further, this isn't just a matter of not asking questions, it is a matter of willful and intentional malfeasance -- that is, the willful refusal to act on known (not suspected) information:
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