Bill Foster: “You all benefit from having the Federal Government and the Federal taxpayer as the insurer of last resort.”

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 it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.

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…

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