Bill Foster: “It's sort of an infinitely complicated problem.”

Do you remember with AIG, the real problem with AIG falling into bankruptcy is that it would immediately put a bazillion of the European banks into violation of their capital requirements, which was major contagion that----

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…

I think we should consider adopting this in the coming session of Congress, at least on a temporary basis.