How are market participants supposed to be convinced that we have less systemic risk when they have no insight into these tests?
Jeb Hensarling: “How are market participants supposed to be convinced that we have less systemic risk when they have no insight into…”
Editor's note · Context
Hensarling questions the transparency of stress tests and its impact on market confidence.
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So if that is permitted right now then I am going to raise my hand at the board meeting when the senior vice president for credit administration comes in with this big gobbledygook proposal and says, 'Hey, I like it. That is fascinating…
Fannie Mae and Freddie Mac were more than mere bystanders in the 2008 financial crisis. They were in fact at the epicenter of that crisis.
Thank you, Ms. Grimes, for your testimony. We know it is not always easy to be in this chair and discuss these types of charges.
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.





