Bailout begets bailout.
Bailout begets bailout. It keeps private investment on the sidelines.
I'm more convinced that there aren't more systemic events than there are systemic firms.
The Federal Reserve, in collaboration with the giant banks, has created the greatest financial crisis the world has ever seen.
The true definition of 'inflation' is when you increase the money supply.
So you are saying, if you buy $300 billion worth of U.S. Government debt, that is not inflationary.
It has nothing to do with monetary policy or interest rate manipulation.
The systematic destruction of the value of our money has not helped our consumers; our consumers are destroyed by the loss of their purchasi...
But when you prop-up policies that are bad, ultimately the consumer is hurt by these regulations because the market doesn't hold them in che...
I argue there is a real challenge to the consumer in two points. One, the consumer is always losing purchasing power.
I am concerned about the history of regulation. We don't have a real good record that regulations prevent problems.
I would hate to think of a scenario in which CRA responsibility and duties don't continue to reside over on the regulatory side also.
Inflation is a monetary issue and we just doubled the money supply in a short period of time.
According to government statistics, but not according to the consumers. Private sources say that the consumer price index is much higher tha...
Thank you, Mr. Chairman. I want to thank you for holding these hearings because I think they are very important.
Right now, there is a big grass-roots effort by consumers, who are saying that the Congress has not fulfilled its responsibility in knowing ...
I find it rather fascinating that we are talking about where the regulations will go, whether it is going to be in the Fed or a new agency.
No other industry has that much power to select its regulators.
