On the recordFebruary 3, 2010
we allowed fundamental regulatory arbitrage to lead to a very difficult situation
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congress.govwe allowed fundamental regulatory arbitrage to lead to a very difficult situation
Reed highlights the regulatory failures that contributed to financial instability.
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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.
the responsibility for this predicament and it is a very serious one is shared by both Congress and the Executives.
We provided additional resources at ARPA (The American Rescue Plan Act of 2021) to do that, and those resources have been exhausted.