In the rush to help, are we missing lessons from past disasters, and that sometimes moving... we cause bigger problems and miss big opportunities?
Bob Menendez
The Public Record
Robert Menendez is a prominent Democratic politician currently serving as a member of the United States Senate, representing New Jersey. He was first elected to the Senate in 2006 and has since been re-elected multiple times. Menendez has played a significant role in various policy areas, including foreign relations, immigration reform, and healthcare. He has served on several Senate committees, including the Senate Foreign Relations Committee, where he has been an advocate for human rights and democracy abroad.
As all your testimonies talk about looking at this opportunity--out of tragedy, an opportunity to help Haiti with its institutions...
I would hope that the United States would include the funding to bring--and I know they would love to go back and participate--a significant number of Haitian-American police into the U.N. police force there.
I think we also have to keep in mind the fact that streamlined procedures... is a very important factor to consider.
I am pleased we will get a vote on Monday but, even still, this process has taken much too long. This is a nominee for the Third Circuit Court of Appeals who has about as good as it gets in terms of bipartisan support. At the age of 40, he…
If I may, one last, final question, Mr. Chairman? I think I would like to have a conversation with you outside of the hearing to get a better sense of this before I make a judgment here.
There are 2 ways to solve a problem. I can solve it with a blunderbuss, or I can solve it, when it is possible, with a surgeon's scalpel.
So the Volcker Rule alone, if we are concerned about more broad systemic risk outside of even banking institutions, needs to have it be augmented by some of the other proposals.
Now, it seems to me that one of the--asking whether proprietary trading played a role in this crisis is missing the biggest lesson of this crisis, which is how do you avert the next one.
you have said, Mr. Chairman, that there is, quote, 'not a shred of evidence that financial innovation has improved our economy,' and, in fact, that innovative financial products, quote, 'took us right to the brink of disaster.'
Isn't one of the risks here--I have posed this question throughout some time now of these hearings--that if you are too big to fail, haven't we failed already?





