We need a mechanism that can resolve very large financial organizations in a way that is orderly, that protects the rest from any systemic implications, but makes sure that their creditors and shareholders take losses.
Senator Shelby emphasizes the need for a resolution mechanism for large financial organizations.
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I am concerned about this--what this communicates to both our allies and our adversaries.
A lot of people, including this Senator, believe that the request is not enough considering the problems in the world.
A complex and evolving security environment requires a serious commitment to our national defense.
We have got to get our arms, one, around the inflation first, and then try to boost our defense capabilities in a dangerous world.
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