it just seemed to me a listing of possible horror stories with no indications that there was any significant likelihood of any of it happening. Systemic risks occur not only when people lose money, but when the people who lose money cannot back up their losses and you get this cascading effect. That would make everyone in America a systemic risk. I was really disappointed in that one.
Barney Frank critiques the assessment of systemic risks in financial services.
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People around the world have learned they can claim asylum and remain in the U.S. indefinitely to pursue their claims.
One thing that not only Barney Frank, Ms. Barnes and also Sandra Day O'Connor, Justice O'Connor agreed on is that that Kelo decision stripped those three words out of the Fifth Amendment, 'for public use.'
This is a legislative enactment that essentially says that the fact that I live in a loving committed marriage with another man is somehow a threat to other people's freedom.
I do think there is a tendency for an overreach by the FSOC. I do not think straightforward insurance companies or money managers should be covered and regulated as SIFIs.
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