On the recordMarch 16, 2009
Chairman Frank and several members of this committee have been leaders in talking about the importance of a comprehensive approach to systemic risk regulation.
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congress.govEditor's note · Context
Acknowledging the committee's leadership on systemic risk regulation.
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Jul 8, 2015
I know people in my district who have gone to jail for writing bad checks for $1,000 and yet these people are still walking around.
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I don't think asset managers or insurance companies that just sell insurance as it's traditionally defined are systemically defined . . . Their failure isn't going to have that systemic reverbatory [sic] effect.
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The problem was not so much that we deregulated as a society, but that we did not have new regulations to keep up with new activity.
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I do think that the complexity issue of the Volcker Rule and the push-outs help.
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