Bill Foster: “I was really, as I mentioned in my opening comments, surprised about the positive things said about the Danish system.”

The good news is that macroeconomic policy is working as designed.

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

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----

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…