The shocking inability of the Financial Stability Oversight Council to perform one of its core functions: identifying new risks to the economy.
Editor's note · Context
McHenry highlights failures in the Financial Stability Oversight Council's risk assessment.
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When you are distracted by shiny partisan objects, you take your eye off the ball.
I think the viable question for the American people is whether or not you have a progressive prosecutor using the justice system to go after political enemies for a political splash.
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.
That is why House Republicans will pass a resolution this week to protect small businesses' access to affordable credit by rescinding this burdensome and overly-complex rule.





