The best restraint is old-fashioned market discipline, in which financial traders know that they, personally, will lose a ton of money if… — David Ignatius Copy Share Image
Market discipline can only limit moral hazard to the extent that debt and equity holders believe that, in the event of distress,… — Ben Bernanke Copy Share Image
For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures,… — Henry Paulson Copy Share Image
The Federal Reserve has always recognized the importance of allowing markets to work, and government oversight of financial firms will never be… — Ben Bernanke Copy Share Image
