This will require stronger emergency liquidity provisions to banks under attack, and it has to be available 24 hours a day, 7 days a week.
Bill Foster: “This will require stronger emergency liquidity provisions to banks under attack, and it has to be available 24 hours a…”
Editor's note · Context
Foster calls for continuous liquidity support for banks facing crises.
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This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.
Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.
This bill strengthens FSOC's capability to execute its mission by improving consistency, accountability, and outcomes for our financial system. I appreciate also Ranking Member Waters' support for this bill in committee and urge my…
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