I think President Obama and Secretary Geithner have made clear the importance of fundamental reform to our system of financial regulation.
Michael S. Barr: “I think President Obama and Secretary Geithner have made clear the importance of fundamental reform to our system of…”
Editor's note · Context
Barr emphasizes the need for reform in financial regulation as stated by Obama and Geithner.
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More from Michael S. Barr
We need to not only arrest individuals such as those in Woodford County who traffic this potent deadly drug, but also find and eliminate the source of production and financing.
I have legislation, the Chinese Military and Surveillance Company Sanctions Act, that uses the OFAC SDN list to target the financing of military and surveillance companies that act counter to the national security of the United States.
The Federal Reserve's rules, issued in the wake of the legislation that was issued in 2019, did have the effect of lowering supervisory and regulatory standards for firms.
I think it saved a lot of small businesses, households, community banks, and regional banks from a kind of contagion.