When you think about it, I don't see anything in the proposal to stop the Federal Reserve, their very loose monetary policy, nor is there anything in there to address the conflicts of interest in the Fed in their dual roles as monetary policy czar and safety and soundness regulator.
Garrett critiques the proposal for lacking measures against the Federal Reserve's loose policies.
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So, if your policies, as Ben Bernanke indicated it does and you are nodding your head as well, benefits the stock market, raises asset prices, who are you benefiting? The rich. Who are you hurting? The poor.
Knowing now what happened, did you have the authority in your area? They all said, 'Yes, we did.'
Mr. Secretary, that you are the epitome of what is wrong with Washington today.
the key to this cross border is to make sure that the top eight foreign jurisdictions who engage in swaps activity have equal robust regimes to ours
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