Political Quotes

Privatization would solve several problems associated with the current GSE model. It would eliminate the conflict between private shareholders and public policy and likely diminish the systemic risk, as well. Other benefits are that…

Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.

The economy needed help from Congress, if not from additional spending on roads and bridges, for example, then at least in areas such as retraining unemployed workers.

We are working hard with our colleagues to put the Volcker rule into place, and that will restrict proprietary trading.