Jul 22, 2009
Well, even if we write it into the law, they don't do it, because in 1994, we wrote it into the law that they monitor all mortgages within the banking system that they control and within the mortgage brokers.
Jim Bunning
The Public Record
Jim Bunning is a former United States Senator from Kentucky, serving from 1999 to 2011. A member of the Republican Party, Bunning was known for his strong conservative positions and advocacy for fiscal responsibility. Before his political career, he was a professional baseball player, notably a pitcher in Major League Baseball, where he was inducted into the Baseball Hall of Fame in 1987. Bunning's tenure in the Senate included a focus on issues such as energy policy and workers' compensation reform, often criticizing the Department of Energy's handling of compensation programs for workers.
congress.gov
Jul 22, 2009
When they came to us, when they asked for the TARP money and said, this is going to be as transparent as anything that we have ever dealt with, and they have completely stonewalled who they lent the money to, how much money they printed…
Jul 22, 2009
Of all the proposals we have seen, the one outlined in Chairman Bair's testimony today makes the most sense so far.
Jul 22, 2009
The Fed needs to be reformed so it can get monetary policy right and not create future bubbles through easy money.
Jul 14, 2009
To limit the potential harm that could be done by private investment firms to the system and counterparties, do you think it is better to place limits on the firms themselves or to limit the exposure of counterparties like banks to the…
Jul 14, 2009
Do you think the counterparties should be reimbursed dollar for dollar in case there is a systemic failure with one of the hedge funds or one of the other types of investment firms?
Jul 14, 2009
But then you have to have someone who knows to ask the right questions and get the right information.
Jul 14, 2009
Who in the Federal Government knows the markets well enough to effectively regulate and understand what hedge funds and other firms are doing and the risks they might be creating?
Jul 14, 2009
It seems obvious to me that firms and traders will act more responsibly when they know they will face the consequences of their actions, which is why bailouts breed more bailouts.