The financial sector, without a surety that the financial sector was going to be reined in and regulated and controlled--they did not use exactly those words--financial stability would be the ruin of us all.
Conrad emphasizes the need for regulation to ensure financial stability.
Share
More from Kent Conrad
I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.
Social Security's financial challenge affects nearly our entire society, and the solutions will require a broad-based approach.
We did a whole series of things in our Social Security reform not to discourage people from working, but to encourage them to continue working if they are able to do so.
Other voices in this conversation
