Well, that is right, and the data would suggest they are not using them.
Fannie and Freddie have gone in the other direction.
We need to put a lock on the revolving door.
It is bad enough when banks can capture the agencies that regulate them or the Congress, which is all too often the case...
It is also felt most acutely on Main Street. That is why it is so important that examiners and supervisors and regulator...
Are they too big to manage? Are they too big to regulate? All important questions.
The message that is sent from the President to the Board, to the supervisors, is that financial regulation is secondary.
I want to thank my friend, Senator Manchin, for our work together on trying to focus on the Fed.
You backed up when Goldman was unhappy.
We need bank regulators who work to protect the American people, not the profits of giant banks.
The problems originate from the culture of the firms and this culture is largely shaped by the firms' leadership.