we allowed fundamental regulatory arbitrage to lead to a very difficult situation
I think that, again, the traditional roles that said a bank in a bank holding company has access to the discount window,...
I think that is the goal of many people on this Committee, maybe not everybody, but I think many people.
the 'too big to fail' is a form of implicit subsidy from the taxpayer, which lowers the cost of funding for these deriva...
I do not think many people at all have been held accountable for what is going on.
the taxpayer had to step in because there wasn't enough capital in the private sector to cover the risks
On February 4, 2010 Sen. Jack Reed introduced S. 3005, 'The National Institute of Finance Act of 2010.'
You certainly need regulation. You need the right regulation. And you need a strong regulatory structure, but it is not ...
we sort of ganged together, papered it over, and went on having learned nothing
I think that over the years, I probably have thought more about interconnectedness and the plumbing of the financial sys...
the entire structure a 'doom loop' because it is a repeated cycle of boom, bust, bailout.