you do not get to write a law that shoves the Fed in a strictly deregulatory direction and then turn around and say, 'Gee, we wish they had not deregulated.'
This is not strong oversight. In fact, it is not even competent oversight.
The Federal Reserve must not seem and must not be supervised by itself.
So let me just get this straight. Two-thirds of the people that oversee each of the Reserve banks, and hand-pick the leadership, are elected...
the loosening ends up having multiplier effects, that once you loosen a little bit you lose other discipline in the system.
S. 2155 weakened the rules and the supervision for these banks like SVB and opened the deregulatory door for the Fed to drive a truck throug...
Senator Scott and I also introduced a bill, which was included in a separate bill with Sen. Tillis, to give the Fed a true, Senate-confirmed...
capitalism without competition isn't capitalism; it's exploitation
That was just a massive neon light saying 'grow, grow, grow.'
the Fed failed at every step along the way, from the Board of Governors at the very top to the San Francisco Fed Bank examiners on the groun...
the market being distorted by a lack of competition