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Administration Quote by Thomas Frank

“The Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic risk' if they were to fail.” quote by Thomas Frank
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“The Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic risk' if they were to fail.”

Thomas Frank

About This Quote

Source Book: "The Wrecking Crew", 2008

The administration proposes giving the Fed authority to intervene with banks that could threaten the financial system if they collapsed.

In simple terms: Fed may regulate risky banks.

Key Takeaway

Support systemic risk oversight.

Themes

economics regulation financial stability

Mood

analytical cautious

Type

political economic

When to use this quote

  • policy analysis
  • investment decisions
  • risk management

Key Concepts

systemic risk central banking

Questions to Reflect On

  • Is central oversight always beneficial?
  • How to balance risk and growth?
A Different Perspective

Regulation can stifle innovation.

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