On the recordMarch 17, 2009
When self-interest and market discipline break down, we hope that the safety net of regulators will guide us out of the storm.
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congress.govWhen self-interest and market discipline break down, we hope that the safety net of regulators will guide us out of the storm.
Reed expresses hope in regulators during times of market failure.
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I think your approach is one that will meet this extreme demand in a shorter period of time than going out and building from scratch.
Right. I just have a sense from my experience in Rhode Island is that there is kind of this built-in resistance because there is a--we do not want to change the character of the community, et cetera, et cetera.