We've also been very encouraged recently to hear President Biden lament the fact that the R&D intensity, the fraction of GDP (gross domestic product) that we devote to R&D has dropped precipitously from its historic levels.
Foster highlights concerns about declining R&D investment in the U.S.
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Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.
I think it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.
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.
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