The Fed does not have the authority to simply expend taxpayer dollars.
this omnibus we are debating contains an additional $38 million for the Securities and Exchange Commission and the proposed budget of the Pr...
I am alarmed, because if the Fed has that position, it seems to contradict exactly what Mr. Polakoff said he did.
You say that the biggest fault of OTS was not recognizing the magnitude of the situation developing with respect to credit default swaps.
maximizing the effectiveness of competition
I think that point has to made over and over again, because frankly, people, they are struggling and they are doing their best.
Thank you very much, Mr. Secretary.
I think there is another message that has to be continually communicated, not just by yourself but by the President.
One of the fundamental aspects, I think, of our recovery is stabilizing housing prices and then beginning to get people to go back to work.
I am heartened that after 8 long years we finally have an administration that remembers that it reports to Main Street, not to Wall Street.
I think also the ability to react to the ups and downs of the market is going to be critical.