Bill Foster: “Yes. McKinsey has estimated, I think, between 2 and 3 percent GDP loss from not having a high-quality digital identity.”

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 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.

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

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