Fundamentally, we must end 'too big to fail' as an approach for dealing with the largest financial firms when they are failing.
Michael S. Barr: “Fundamentally, we must end 'too big to fail' as an approach for dealing with the largest financial firms when they are…”
Editor's note · Context
Barr argues for a resolution process for failing large financial firms.
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I believe that it should be the sense of Congress that the policy of the United States is to prevent from Iran from obtaining a nuclear weapon by all means necessary.
I think it saved a lot of small businesses, households, community banks, and regional banks from a kind of contagion.
I have legislation, the Chinese Military and Surveillance Company Sanctions Act, that uses the OFAC SDN list to target the financing of military and surveillance companies that act counter to the national security of the United States.
I think congressional oversight is absolutely essential, but I would not pursue the particular legislation that you have described.