On the recordFebruary 15, 2011
This fact undermines the thesis that it was something about U.S. capital markets or the U.S. housing market in particular that was the primary cause of the bubble. It undermines that thesis.
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congress.govThis fact undermines the thesis that it was something about U.S. capital markets or the U.S. housing market in particular that was the primary cause of the bubble. It undermines that thesis.
Capuano discusses the causes of the financial bubble, challenging common assumptions.
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I would ask, is the Fed interested in all, would you be interested in pursuing something--you oversee 7,000 entities, some of them large, some of them small, most of them pretty large.
I get that. Then why don't we have a bill just to stop New York State from doing this and leave the other 49 to do it? Leave Alabama alone.
I do believe discrimination exists. I do believe economic disparity is growing.
But as we talked about earlier, some degree of equitable distribution of the benefits of a good economy is your job.