The catastrophe was caused by the simultaneous collapse of all three legs of our financial system: the collapse of Republican monetary policy; Republican fiscal policy; and Republican regulatory policy.
Bill Foster: “The catastrophe was caused by the simultaneous collapse of all three legs of our financial system: the collapse of…”
Editor's note · Context
Foster blames Republican policies for the financial system's collapse.
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If you conclude, as you are actively studying it, that you need more visibility into certain areas of, particularly nonbank things that may be parts of the chain of contagion, please let us know, because it is our job to avoid the next…
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.
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.
I have been amused for a long time at how can it be that there is legislation supported by 70 or 80 percent of the public, a clear majority of Members of Congress, and yet we are not allowed to even vote on it.





