You want the big financial institutions to hold up a mirror and look at their behavior, because, you say, otherwise, we are not going to get a change.
I am sorry. Surely, you are not going to take the position, Mr. Dudley, that if most of the time most of what the Fed do...
I want to thank my friend, Senator Manchin, for our work together on trying to focus on the Fed.
The message that is sent from the President to the Board, to the supervisors, is that financial regulation is secondary.
Are they too big to manage? Are they too big to regulate? All important questions.
It is also felt most acutely on Main Street. That is why it is so important that examiners and supervisors and regulator...
It is bad enough when banks can capture the agencies that regulate them or the Congress, which is all too often the case...
this is part of the reason we need a 21st century Glass-Steagall law.
We need to put a lock on the revolving door.
It helps put our system at greater risk and it increases the likelihood of regulatory capture all at the same time.
We cannot build a strong, reliable bank oversight system so long as the revolving door keeps putting bank executives in ...