I am not convinced that there is a workable systemic regulator solution that would provide the net benefit to our economy going forward.
Editor's note · Context
Kanjorski expresses skepticism about the effectiveness of a systemic risk regulator.
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More from Paul E. Kanjorski
I believe, in addition to empowering regulators with new and improved authority to watch over our Nation's financial health, we should also empower the owners of these companies to have more control and to align management interest with…
I sympathize with the constituents of my friend from New York, Mr. Ackerman. When you hear some of the stories from the testimony of the Inspector General, that if only somebody turned around when they were examining the Madoff operation…
The pain that the majority of my constituents and probably so many constituents around the country--they are not going to trust any of us.
Clearly, Congress must prevent future activities from endangering our financial system, similar to what we witnessed with AIG, Bear Stearns, and Lehman Brothers last year.





