Just yesterday, Congressman Foster and I sent you a letter signed by 16 Democrats and 16 Republicans to express our concerns about the equity market structure proposals that the Commission has initiated.
Martin Foster
The Public Record
I take it that you are familiar with this graphic from Bloomberg that shows you lagging significantly behind your three predecessors in terms of the number of rules you finalized in the first 2 years of your tenure?
this is another massive, centralized government database that is going to be hacked.
I am becoming increasingly worried about the potential for internet-driven bank runs in trying to obviously generate instability.
I was happy to join Chairman Barr, in the letter to Fed Vice Chair for Supervision Barr, requesting more detail on the analysis and supporting data that were used to develop the Basel III Endgame proposals.
My time has expired, but I would hope that some of the political people at the White House would inform the Fed that they don't want a recession right before an election.
The divisive, underdeveloped, and arbitrary Basel III Endgame proposal should be withdrawn and replaced with a proposal that focuses on addressing problems that exist.
Federal banking regulation under the Biden Administration has become unnecessarily divisive and partisan, which itself is an emerging threat to stability.
Payments can be modernized by modifying the existing system infrastructure through innovations led by the private sector.





