On the recordSeptember 18, 2023
My primary concern is, and I agree with Congressman Sherman, that we need to take all costs and all benefits into account here.
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congress.govMy primary concern is, and I agree with Congressman Sherman, that we need to take all costs and all benefits into account here.
Scott stresses the importance of evaluating all costs and benefits of banking proposals.
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We created the Fed in 1913 for a single reason: to be the lender of last resort.
Yes, because if we increase the capital associated with taking a position and a derivative, it is going to increase the costs.
I think we need to go back to the future and be focused more about who is on the board.