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.”
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.
Support systemic risk oversight.
Themes
Mood
Type
When to use this quote
- policy analysis
- investment decisions
- risk management
Key Concepts
Questions to Reflect On
- Is central oversight always beneficial?
- How to balance risk and growth?
Regulation can stifle innovation.