Is the distinguished chairman suggesting that we need deposit insurance for firms like Citigroup and Goldman Sachs? Is that what the gentleman is suggesting then?
Jeb Hensarling
The Public Record
Jeb Hensarling is a former Republican member of the United States House of Representatives, representing Texas's 5th congressional district from 2003 to 2019. During his tenure, he served as the chairman of the House Financial Services Committee, where he played a significant role in shaping financial regulation and policy. Hensarling was known for his advocacy of free-market principles and his opposition to the Dodd-Frank Act, which was enacted in response to the 2008 financial crisis.
Well, I would say to the distinguished chairman that depositors are very different from investors, and when we have taxpayer money specifically at risk, it calls for a different regime.
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