Socializing risk
Thursday, September 18th, 2008Rep. Tom Fenney (R-Fl.) says that recent government bailouts in the financial sector are socializing market risk while profits stay on Wall Street. (0:30)
Posts Tagged ‘treasury’
Fed called to answer for bailout of Bear Stearns
Thursday, April 3rd, 2008Why did you bail out Bear Stearns? It was the resounding question heard over and over in the Senate Banking, Housing, and Urban Affairs Committee hearing on “Turmoil in U.S. Credit Markets: Examining the Recent Actions of Federal Financial Regulators.” Federal Reserve Chairman Ben Bernanke, SEC Chairman Christopher Cox, United States Treasury Under Secretary Robert Steel, and President of the Federal Reserve Bank of New York Timothy F. Geithner, all attempted to answer that question to Congress. (more…)
More regulation cannot stop market cycles, but can help, says Treasury Secretary
Monday, March 31st, 2008Treasury Secretary Paulson says that more regulation is not the answer and cannot prevent market “disruptions,” but he suggests a more flexible approach will allow better protection of consumers and investors, and allow U.S. markets to continue to be competitive. (0:37)
Financial regulatory changes not reaction to current troubles, says Secretary Paulson
Monday, March 31st, 2008Treasury Secretary Paulson says that the new Blueprint for Regulatory Reform are not reactions to current troubles and should not be implemented hastily, but instead reflect long-term concerns and should be thoughtfully implemented. (0:33)