On the recordSeptember 16, 2014
FSOC has repeatedly defied bipartisan calls to do what? To cease and desist its nonbank designations.
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congress.govFSOC has repeatedly defied bipartisan calls to do what? To cease and desist its nonbank designations.
Garrett criticizes FSOC for ignoring bipartisan requests regarding nonbank designations.
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Actually, we can, because the courts have been able to do that, and the district court was quite able to do that.
I am speaking on behalf of the American taxpayer, that we are concerned that where the taxpayer dollars could potentially be as we return to these very loose underwriting standards.
I have zero coverage, even though my statement is telling me I have like $5,000 in there.
We must lift the veil of secrecy and ensure that the Fed is accountable to the people's representatives.