Now, doesn't the fact that the FSOC has only designated four non-banks as SIFIs since 2010 confirm that the FSOC is not arbitrarily imposing SIFI designations on all non-bank financial firms, but instead acting responsibly to protect taxpayers and our financial system from another devastating financial crisis?
Waters highlights the limited SIFI designations to argue FSOC acts responsibly.
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I am pleased that the CFPB is finally taking action to oversee these companies.
The SEC has played a critical role over the past 90 years in protecting investors from fraud and abuse...
Capital is not something that is locked away, but, rather, it is a source of funds that banks can redeploy.
I do believe that based on what we understand about the profit margins of the banks, they could really afford to do it.
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