Just yesterday, Congressman Foster and I sent you a letter signed by 16 Democrats and 16 Republicans to express our concerns about the equity market structure proposals that the Commission has initiated.
Foster discusses bipartisan concerns over equity market structure proposals.
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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.
I think we should consider adopting this in the coming session of Congress, at least on a temporary basis.
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…
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