On the recordJuly 8, 2013
Not surprisingly, this impressive and unprecedented power, designed to protect the largest and most interconnected financial institutions, is also being criticized as being unconstitutional.
Source
congress.govNot surprisingly, this impressive and unprecedented power, designed to protect the largest and most interconnected financial institutions, is also being criticized as being unconstitutional.
McHenry notes the constitutional criticisms of the powers granted by Dodd-Frank.
Share
More from Pat McHenry
Jay Clayton is a fantastic leader and will bring credibility to the DNI job!
We need to get to the bottom of whether or not this is a supervisory problem, a regulatory problem, a bank mismanagement problem, perhaps all three.
This is a matter of real substance for the independence of the Fed and the rulemaking at the Federal Reserve.
FSOC's purpose is straightforward: to identify risks that could impact our financial stability; to promote market discipline by eliminating expectations of bailouts; and to respond to emerging threats.