I do not think that is right.
I think that was a compromise that should not have been made.
I wish they had not been agreed to, the end of the embargoes.
On balance, however, I believe the nuclear deal will deliver more advantages than disadvantages to the United States.
We have introduced the Taxpayer Protection and Responsible Resolution Act that addresses this too big to fail and this bailout risk head-on.
The confusion of how a firm would be reorganized would likely lead policymakers to ignore the orderly liquidation authority.
In my views, Chapter 14 would work much better than Title II of Dodd-Frank.
I think we need more accountability in the system, not less.
Let me be clear, I opposed the 2008 Wall Street bailouts then. I oppose them today.
It creates the orderly liquidation fund and the Congressional Budget Office has scored the cost of this fund as a little over $20 billion ov...
A reform that handles large financial firms and makes failure feasible under clear rules without spillovers would greatly reduce the probabi...