On the recordJuly 20, 2009
The title of this hearing involves monetary policy, but the subject seems to be the overall health of the economy.
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congress.govThe title of this hearing involves monetary policy, but the subject seems to be the overall health of the economy.
Foster emphasizes the importance of real estate in economic discussions.
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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 the two most significant recent uses of this are the COVID epidemic, and also, the recent AI Executive Order.
This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.
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.