On the recordNovember 3, 2015
The FSOC. I have said that--what I said was that the FSOC--
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congress.govThe FSOC. I have said that--what I said was that the FSOC--
Yellen clarifies the focus of the Financial Stability Oversight Council.
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those who were responsible for the failure of a bank should not be profiting when stockholders and investors in the bank are taking--forced to take losses.
I will never forget it. I was involved in it, and we did everything we could to put together a package of measures that would stop what could have become a run on the banking system.
It is this level of leadership that Secretary Yellen has also demonstrated on the world stage.