Bob Barr: “This Congress needs to take immediate steps to ensure Executive Orders are used for their intended purpose.”

We need to have firms taking risks, having big capital buffers so in the event that they fail their owners suffer.

I think it is absolutely critical--and here I think Mr. Miller and I agree--that we change the basic nature of regulation in our system so that there are big buffers and we can internalize the costs.

All of these shenanigans and goings-on try to work around this really are simply different ways to evade the law. They have been breaking the law in this case. It seems to me very clear.

We need to be humble about the ability of regulators; we need to be humble about the ability of managers of large firms.