But that leaves us in a situation of how do we build in, because our responsibility--build in rules and regulations that prevent, as you would say, well-intentioned, extremely bright people from doing things that are very detrimental?
Reed emphasizes the need for regulations to prevent harmful financial practices.
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More from Jack Reed
When President Trump cuts military exercises to flatter a dictator or punishes South Korea for declining to join a war he started, all of our allies – and adversaries – think that America’s commitments are negotiable.
Six months later, not a single objective has been achieved. Indeed, he has weakened our position in the Middle East and the world significantly.
President Trump has been explicit about his desire to extract Venezuela's oil," Reed said in a statement.
While the President and his family accumulate billions of dollars through dubious deals, normal hardworking Americans are struggling just to get by.
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