On the recordJune 25, 2012
I think one is enormously important: systemic risk. All of the future of our economy depends upon being able to solve in a credible fashion the problems of major bank failure.
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congress.govI think one is enormously important: systemic risk. All of the future of our economy depends upon being able to solve in a credible fashion the problems of major bank failure.
Stressing the critical need to address systemic risk for economic stability.
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The Volcker Rule was a reasonable way of doing that, by getting banks out of the business of proprietary trading.
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