Federal Reserve Chairman Ben Bernanke has discussed publicly the inadequacy of our insolvency regime for large global financial conglomerates, such as AIG.
I think we had a distinguished panel here today and I think everybody knows what our challenges are.
Our nation is facing the worst financial crisis in nearly a century.
I am extremely concerned about continuing to make investments in infrastructure without any requirement for maintaining a state of good repa...
this crisis is the result of what may have been the greatest regulatory failure in human history.
the unregulated credit derivatives market contributed to the largest quarterly loss in history.
Something is just simply wrong when that is allowed to occur in our Nation.
I do not think, however, that the answer, Senator is creating a new agency that only looks at products, because those products arise and exi...
It would be a very bad idea to name who is systemically significant.
It would send certainty to the market, would it not?
It was not so much the failure of a regulatory system, although things need to be fixed, as it was a failure of regulators to act.