Bill Foster: “There is a sort of theological framework that is centered on healing and treating your neighbor as you would treat…”

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----

I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.

While the Presidency is often the focus of political pronouncements about macroeconomic conditions, there is no question that it undersells the importance and the independence of the work of the Federal Reserve Board.

Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.