Bill Foster: “Oh, yes, this will be politically very, very difficult.”

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.

This bill strengthens FSOC's capability to execute its mission by improving consistency, accountability, and outcomes for our financial system. I appreciate also Ranking Member Waters' support for this bill in committee and urge my…

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

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