We are living through the aftermath of a disaster caused by the complete failure of Republican monetary, fiscal, and regulatory policy.
Editor's note · Context
Foster criticizes Republican policies for causing a financial disaster.
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New technologies, like artificial intelligence and digital assets, give scammers many new tools, and, frankly, I worry that our regulators will be quickly outgunned.
AIG was famously referred to, if I remember correctly, by the Republican Federal Reserve Chair, Ben Bernanke, as a, 'healthy and well-run insurance company with a hedge fund grafted onto it.'
FSOC's comprehensive view of the financial system is critical because systemic risks rarely develop in ways that fall entirely within the jurisdiction of a single agency.
One of our duties in Congress is to respond to the world as it actually is rather than the fever dreams of some sort of takeover by world government.





