Senator Lautenberg has for a long time been a very significant champion on these health issues.
It is important in the Senate for issues to have champions.
So, we want to get it right on both sides. You do not want false alarms.
So, your best recommendation at this point is to expand the scope of the regulatory process so that it is by chemical category and not just ...
I think that over the years, I probably have thought more about interconnectedness and the plumbing of the financial system, as I like to ca...
the taxpayer had to step in because there wasn't enough capital in the private sector to cover the risks
I do not think many people at all have been held accountable for what is going on.
the 'too big to fail' is a form of implicit subsidy from the taxpayer, which lowers the cost of funding for these derivative transactions.
On February 4, 2010 Sen. Jack Reed introduced S. 3005, 'The National Institute of Finance Act of 2010.'
I think that is the goal of many people on this Committee, maybe not everybody, but I think many people.
I think that, again, the traditional roles that said a bank in a bank holding company has access to the discount window, that is where we sh...
we allowed fundamental regulatory arbitrage to lead to a very difficult situation
I don't think they would be difficult to implement and I don't think it would be a regulatory issue. I think it would be a management issue.
First, we can't assume regulatory capacity adequate to the complexity of the financial markets.
I believe that the nature, the human makeup of an institution is extremely important.
My honest belief, having experienced it and having lived with it for years, is that the system would be stronger if we could provide for som...
the entire structure a 'doom loop' because it is a repeated cycle of boom, bust, bailout.
we sort of ganged together, papered it over, and went on having learned nothing
