On the recordNovember 15, 2010
We avoided the worst possible outcome with the downturn.
Said by
Evan Bayh
Source
congress.govWe avoided the worst possible outcome with the downturn.
Bayh discusses the economic recovery efforts post-downturn.
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The closer you got to the center of the city where Susan was, the worse and worse things got.
I was really heartened to hear about the sort of tension about more transparency.
Capital liquidity standards, resolution protocols, how we handle derivatives, all those kinds of things, it is just important that we harmonize as much as possible.
If they become significantly affected by this, does that present a systemic risk of some kind?