On the recordMarch 26, 2008
For what they do, not what they are.
Source
congress.gov“For what they do, not what they are.”
Emphasizing the need for regulation based on financial product function rather than their legal structure.
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I think when we act on that basis, it doesn't always work out, but over time things do get better.
People need to “rediscover what’s the story we tell about how we’re going to live together, and see each other, and recognise each other, and disagree, and yet, still care for each other”.
When we choose, when we make that decision, I do believe – and there is evidence for this – that the world gets incrementally better, and that is a worthy goal and it’s worth fighting for.
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