If we basically all agree--and I hope we do--that nothing is too big to fail, and if we have sound regulation, the power, that regulators have the tools to regulate and do their job, safety and soundness trumps.
Shelby emphasizes the importance of regulation to prevent failures of large firms.
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Deterrence requires spending our limited resources on both offensive and defensive weapons.
As Senator Shelby at our Senate testimony hearing last March pointed out to us, we must maintain what we have before we can build new, and I think he hits the mark head-on.
Because the administration has refused to fund the construction of a comprehensive barrier along the border, it has been compelled to send the National Guard to deal with the consequences.
The Department of Navy has played and will continue to play a critical role in the defense of our Nation.
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