On the recordMarch 17, 2010
If we let it go, it is going to pull down everything else. That was the central lesson of AIG.
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congress.govIf we let it go, it is going to pull down everything else. That was the central lesson of AIG.
Gensler emphasizes the risks of interconnected banks and the lessons from AIG's failure.
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I do share your concerns that this is a field that is rife with fraud and manipulation and scams.
In fact, we do need to do analysis because Congress mandated it. We have to analyze the efficiency, the competition, and the effects on capital formation.
I really do think it is such a privilege to serve and the important thing we do is we look out for 330 million Americans.