11 November, 2015

Six Problems with GOP Debate on Financial Reform - Roosevelt Institute

Six Problems with GOP Debate on Financial Reform - Roosevelt Institute: "Capital, unless you are demanding 100 percent equity, won’t solve this. There is always a risk of failure, and thus panic and contagion. As a result we need a process in place. We shouldn’t remove the one we have, which conservatives want to do, unless we have a better replacement ready to go, which conservatives don’t. We certainly shouldn’t pretend that the issue will simply go away with a higher this-or-that ratio.

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