Bill Foster: “We are going to have to be absolutely dependent on the fact that every single wallet is in a regulatory regime that we…”

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.

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.

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