I believe that if the reforms Congress passed in 2010 had been in place 3 years before, or 5 years before, then our crisis would have been much less severe and we would have been in a much better position to manage the effects of the crisis and contain the damage on the American economy.
Hensarling discusses the impact of 2010 financial reforms on the economic crisis.
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As we saw in the last crisis, it is the average hardworking Americans that will suffer the consequences if Washington deregulates Wall Street mega banks again.
As New York is increasingly shoving capital out, Texas is saying, 'You're welcome here.
Congress needs to do its job. You need to write legislation with more specificity.
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