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.
Share
More from Barney Frank
Congress generally, and this subcommittee in particular has historically played a critical role in strengthening accountability at the World Bank.
Protection and advocacy Agencies, which are Federally funded entities charged with enforcing the rights of persons with disabilities.
We should have made it much higher, $125 billion or more, and we should have indexed it.
Other voices in this conversation
