I would hope that going forward, one thing we have learned from this crisis is there is a need for all of us in regulation to act in a timely way to take away the punch bowl and to require more stringent capital requirements.
Yellen emphasizes the need for timely regulatory action to prevent future crises.
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He has explicitly said that he will not agree to raise taxes for people making under $400,000.
We share the objective that you have which is to rid ourselves of dependence on China.
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