Bill Foster: “We've made a mistake in not--in trying--being too purist that market's the solution to everything here”

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…

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.

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