I think a Secretary who adopts a unilateralist approach in the international environment may miss important opportunities to prevent conflicts and to build alliances.
Paul S. Sarbanes
The Public Record
Paul S. Sarbanes is a former U.S. Senator from Maryland, serving from 1977 to 2007. A member of the Democratic Party, Sarbanes was known for his work on financial regulation and consumer protection. He played a significant role in the passage of the Sarbanes-Oxley Act in 2002, which aimed to enhance corporate governance and accountability in the wake of major financial scandals. Throughout his career, Sarbanes focused on issues such as education, healthcare, and the environment, advocating for policies that benefited Maryland residents and the broader American public.
Well, it's not very private counsel when you go on the national media shows, appear publicly, and answer questions in that forum.
I find this troubling. I guess I find any chart that all of a sudden seems to leap out in some different direction from what we have generally been experiencing a matter of concern.
This deficit requires us Americans to borrow about $2 billion from foreigners every working day. No expert I know believes that this is sustainable.
I am pleased to welcome Chairman Greenspan back before our Committee to testify on the Federal Reserve's Semi-Annual Monetary Policy Report to Congress.
This deficit requires us Americans to borrow about $2 billion from foreigners every working day. No expert I know believes that this is sustainable.
I find this troubling. I guess I find any chart that all of a sudden seems to leap out in some different direction from what we have generally been experiencing a matter of concern.
Yes. They have built up these currency reserves, very strong positions. And we owe it. We owe it.
I think the best way to do it is to have a flexible exchange rate, and that will let the market work even more.
I have a very strong concern about the Administration's approach in trade negotiations on the capital controls issue.
This was a decision by the Bank of Japan, the Government, not by private Japanese investors about the strength of the American economy.