--- title: "Meaning & Key Takeaway of: The Obama administration's plan is to…" description: "\"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" image: "https://sms4smile.com/quotes/i/bc3/thomas-frank-4078_administration_the-obama-administration-s-plan-is-to-ha_905503.png" --- # The Obama administration's plan is to have the Federal… ![“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](https://sms4smile.com/quotes/i/bc3/thomas-frank-4078_administration_the-obama-administration-s-plan-is-to-ha_905503.png) [Download](https://sms4smile.com/quotes/i/bc3/thomas-frank-4078_administration_the-obama-administration-s-plan-is-to-ha_905503.png) [Open image](https://sms4smile.com/quotes/i/bc3/thomas-frank-4078_administration_the-obama-administration-s-plan-is-to-ha_905503.png) > “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](https://sms4smile.com/quotes/author/thomas-frank/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. 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. ★ ★ ★ ★ ★ No ratings yet [Administration](https://sms4smile.com/quotes/about/administration/) [Customer](https://sms4smile.com/quotes/about/customer/) [Fail](https://sms4smile.com/quotes/about/fail/) [Failing](https://sms4smile.com/quotes/about/failing/) [Federal reserve](https://sms4smile.com/quotes/about/federal-reserve/) [Management](https://sms4smile.com/quotes/about/management/) [Might](https://sms4smile.com/quotes/about/might/) [Obama administration](https://sms4smile.com/quotes/about/obama-administration/) [Plan](https://sms4smile.com/quotes/about/plan/) [Plan Federal](https://sms4smile.com/quotes/about/plan-federal-1282509/) [Plans](https://sms4smile.com/quotes/about/plans/) [Pose](https://sms4smile.com/quotes/about/pose/) [Regulate Banks](https://sms4smile.com/quotes/about/regulate-banks-1282508/) [Risk](https://sms4smile.com/quotes/about/risk/) [Systemic Risk](https://sms4smile.com/quotes/about/systemic-risk-374394/) ## Related quotes > [The government isn't going to say, "We're going to regulate banks, but we'll leave these other companies alone." I think the regulators want to…](https://sms4smile.com/quotes/jamie-dimon/the-government-isn-t-going-to-say-we-re-going-to-regulate-banks-but/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a…](https://sms4smile.com/quotes/henry-paulson/my-preference-is-for-the-federal-reserve-to-be-the-systemic-risk/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [Government is, by its very nature, a destroyer of liberties; the Obama administration, specifically, is promising to interfere with the economy and the health…](https://sms4smile.com/quotes/thomas-frank/government-is-by-its-very-nature-a-destroyer-of-liberties-the-obama/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [What we've underestimated is the systemic risk that that very finely tuned system of specialization exposes us to. And so I think we will…](https://sms4smile.com/quotes/paul-romer/what-we-ve-underestimated-is-the-systemic-risk-that-that-very-finely/) [Paul Romer](https://sms4smile.com/quotes/author/paul-romer/) > [“The solutions to this systemic risk overhang are surprisingly straightforward. The immediate tasks would be to break up large banks and ban most derivatives.…](https://sms4smile.com/quotes/james-rickards/the-solutions-to-this-systemic-risk-overhang-are-surprisingly/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [It is not my belief that we need greater government regulation of hedge funds with respect to the systemic risk they create.](https://sms4smile.com/quotes/kenneth-c-griffin/it-is-not-my-belief-that-we-need-greater-government-regulation-of/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [The overwhelming majority of new mortgages are issued with government backing in a highly concentrated securitization market. That leaves us with both potential taxpayer…](https://sms4smile.com/quotes/jerome-powell/the-overwhelming-majority-of-new-mortgages-are-issued-with-government/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [As boom- and bust-prone as high finance always has been and remains, the greatest systemic risk to our economy is not Wall Street. It's…](https://sms4smile.com/quotes/tony-blankley/as-boom-and-bust-prone-as-high-finance-always-has-been-and-remains/) [Tony Blankley](https://sms4smile.com/quotes/author/tony-blankley/) > [We have already seen some instances of systemic risk in recent times in the Asian financial crisis. But what sparked off the Asian financial…](https://sms4smile.com/quotes/paul-virilio/we-have-already-seen-some-instances-of-systemic-risk-in-recent-times/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [“To enable lending to proceed when the IMF’s sustainability criteria were not met, its bureaucrats designed the “systemic risk waiver.” It was a model…](https://sms4smile.com/quotes/michael-hudson/to-enable-lending-to-proceed-when-the-imf-s-sustainability-criteria/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Unfortunately, tools that transfer risk can also increase systemic risk if major counterparties fail to manage their own risk exposures properly.](https://sms4smile.com/quotes/blythe-masters/unfortunately-tools-that-transfer-risk-can-also-increase-systemic/) [Blythe Masters](https://sms4smile.com/quotes/author/blythe-masters/) > [A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis.…](https://sms4smile.com/quotes/henry-paulson/a-single-agency-responsible-for-systemic-risk-would-be-accountable-in/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [In the future, financial firms of any type whose failure would pose a systemic risk must accept especially close regulatory scrutiny of their risk-taking.](https://sms4smile.com/quotes/ben-bernanke/in-the-future-financial-firms-of-any-type-whose-failure-would-pose-a/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [When it comes to policies of central bankers, the biggest systemic risk we have... are those policies.](https://sms4smile.com/quotes/rick-santelli/when-it-comes-to-policies-of-central-bankers-the-biggest-systemic/) [Rick Santelli](https://sms4smile.com/quotes/author/rick-santelli/) > [We now have power under the Dodd-Frank legislation to break up banks. And I've said I will use that power if they pose a…](https://sms4smile.com/quotes/hillary-clinton/we-now-have-power-under-the-dodd-frank-legislation-to-break-up-banks/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) ## More by Thomas Frank > [I was in a bad mood when I wrote that.](https://sms4smile.com/quotes/thomas-frank/i-was-in-a-bad-mood-when-i-wrote-that/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [“above all, intellectual. Anti-intellectualism is one of the grand unifying themes of the backlash, the mutant strain of class war that underpins so many…](https://sms4smile.com/quotes/thomas-frank/above-all-intellectual-anti-intellectualism-is-one-of-the-grand/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [The only truly individualistic health-care choice - where you receive care that is unpolluted by anyone else's funds - is to forgo insurance altogether,…](https://sms4smile.com/quotes/thomas-frank/the-only-truly-individualistic-health-care-choice-where-you-receive/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [Conservatism is not a doctrine of contentment. Not a doctrine for the satisfied and the smug. It's a politics that's at war with the…](https://sms4smile.com/quotes/thomas-frank/conservatism-is-not-a-doctrine-of-contentment-not-a-doctrine-for-the/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [A president aiming for 'Great' or 'Near Great' status must do more. He must give lots of interviews, make records accessible, and heap the…](https://sms4smile.com/quotes/thomas-frank/a-president-aiming-for-great-or-near-great-status-must-do-more-he/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [“Innovation liberalism is "a liberalism of the rich," to use the straightforward phrase of local labor leader Harris Gruman. This doctrine has no patience…](https://sms4smile.com/quotes/thomas-frank/innovation-liberalism-is-a-liberalism-of-the-rich-to-use-the/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [Media bias has been a favorite theme of the Right for decades, of course.](https://sms4smile.com/quotes/thomas-frank/media-bias-has-been-a-favorite-theme-of-the-right-for-decades-of/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [Presidential legacies are valuable things, too valuable to be left up to historians.](https://sms4smile.com/quotes/thomas-frank/presidential-legacies-are-valuable-things-too-valuable-to-be-left-up/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [A lot of populists after populism died just became socialists. At the beginning of the 20th century, socialism looked like it was going to…](https://sms4smile.com/quotes/thomas-frank/a-lot-of-populists-after-populism-died-just-became-socialists-at-the/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [“And so the catastrophe of 1929–33 did to the certainties of laissez-faire economics what science did to nineteenth-century religion and what the slaughter of…](https://sms4smile.com/quotes/thomas-frank/and-so-the-catastrophe-of-1929-33-did-to-the-certainties-of-laissez/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [Vibrancy is so universally desirable, so totemic in its powers, that even though we aren't sure what the word means, we know the quality…](https://sms4smile.com/quotes/thomas-frank/vibrancy-is-so-universally-desirable-so-totemic-in-its-powers-that/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [Under the administration of George W. Bush, you will recall, federal spending grew pretty significantly. At the same time, the number of people directly…](https://sms4smile.com/quotes/thomas-frank/under-the-administration-of-george-w-bush-you-will-recall-federal/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [Massive inequality, we have learned, isn't the best way to run an economy after all. And when you think about it, it's also profoundly…](https://sms4smile.com/quotes/thomas-frank/massive-inequality-we-have-learned-isn-t-the-best-way-to-run-an/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [Governing was always difficult for conservatives, but as they return to the opposition, they are rediscovering their skill at blame evasion.](https://sms4smile.com/quotes/thomas-frank/governing-was-always-difficult-for-conservatives-but-as-they-return/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [Back in the days when the market was a kind of secular god and all the world thrilled to behold the amazing powers of…](https://sms4smile.com/quotes/thomas-frank/back-in-the-days-when-the-market-was-a-kind-of-secular-god-and-all/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) [Explore all 116 Thomas Frank quotes ](https://sms4smile.com/quotes/author/thomas-frank/) ## More Administration quotes > [We need a system that serves our needs, not the needs of others. Remember, under a Trump administration it's called America first. Remember that.](https://sms4smile.com/quotes/donald-trump/we-need-a-system-that-serves-our-needs-not-the-needs-of-others/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [While the people retain their virtue and vigilance, no administration, by any extreme of wickedness or folly, can very seriously injure the government in…](https://sms4smile.com/quotes/abraham-lincoln/while-the-people-retain-their-virtue-and-vigilance-no-administration/) [Abraham Lincoln](https://sms4smile.com/quotes/author/abraham-lincoln/) > [If you want to serve in a Trump administration, you're going to serve this country, not yourself.](https://sms4smile.com/quotes/sean-spicer/if-you-want-to-serve-in-a-trump-administration-you-re-going-to-serve/) [Sean Spicer](https://sms4smile.com/quotes/author/sean-spicer/) > [Listen, I have a great affection and respect for Joe Biden. I think he's been a great vice president. He's taken on a lot…](https://sms4smile.com/quotes/david-axelrod/listen-i-have-a-great-affection-and-respect-for-joe-biden-i-think-he/) [David Axelrod](https://sms4smile.com/quotes/author/david-axelrod/) > [I don't believe anyone that I know in the administration ever said that Iraq had nuclear weapons.](https://sms4smile.com/quotes/donald-rumsfeld/i-don-t-believe-anyone-that-i-know-in-the-administration-ever-said/) [Donald Rumsfeld](https://sms4smile.com/quotes/author/donald-rumsfeld/) > [What was unique about me being in City Hall during the Giuliani Administration, I was the only one who wasn't an attorney. I may…](https://sms4smile.com/quotes/joe-lhota/what-was-unique-about-me-being-in-city-hall-during-the-giuliani/) [Joe Lhota](https://sms4smile.com/quotes/author/joe-lhota/) > [The Trump administration launched the cruise missile strikes in Syria, an act of war, without a U.N. resolution or Congressional authorization.](https://sms4smile.com/quotes/peter-bergen/the-trump-administration-launched-the-cruise-missile-strikes-in-syria/) [Peter Bergen](https://sms4smile.com/quotes/author/peter-bergen/) > [The only way I'll ever run a marathon is if I'm involved in the administration.](https://sms4smile.com/quotes/sally-phillips/the-only-way-i-ll-ever-run-a-marathon-is-if-i-m-involved-in-the/) [Sally Phillips](https://sms4smile.com/quotes/author/sally-phillips/) > [Obama spent the first two years of his administration practicing political unilateral disarmament.](https://sms4smile.com/quotes/cenk-uygur/obama-spent-the-first-two-years-of-his-administration-practicing/) [Cenk Uygur](https://sms4smile.com/quotes/author/cenk-uygur/) > [The actions of the University in my case make it abundantly clear that the Administration's rhetoric about Harvard's desire to attract and retain the…](https://sms4smile.com/quotes/margaret-geller/the-actions-of-the-university-in-my-case-make-it-abundantly-clear/) [Margaret Geller](https://sms4smile.com/quotes/author/margaret-geller/) > [In mid-May, the House of Representatives approved the full amount of money that the Veterans Administration said was needed for next year - plus…](https://sms4smile.com/quotes/doc-hastings/in-mid-may-the-house-of-representatives-approved-the-full-amount-of/) [Doc Hastings](https://sms4smile.com/quotes/author/doc-hastings/) > [In 1953, the United States played a significant role in orchestrating the overthrow of Iran's popular prime minister, Mohammed Mossadegh. The Eisenhower administration believed…](https://sms4smile.com/quotes/madeleine-albright/in-1953-the-united-states-played-a-significant-role-in-orchestrating/) [Madeleine Albright](https://sms4smile.com/quotes/author/madeleine-albright/) > [The administration of George W. Bush, emboldened by the Sept. 11 attacks and the backing of a Republican Congress, has sought to further extend…](https://sms4smile.com/quotes/noah-feldman/the-administration-of-george-w-bush-emboldened-by-the-sept-11-attacks/) [Noah Feldman](https://sms4smile.com/quotes/author/noah-feldman/) > [When we criticize in Iran the actions of the government, the fundamentalists say that we and the Bush Administration are in the same camp.…](https://sms4smile.com/quotes/shirin-ebadi/when-we-criticize-in-iran-the-actions-of-the-government-the/) [Shirin Ebadi](https://sms4smile.com/quotes/author/shirin-ebadi/) > [We will finally complete the biometric entry-exit visa tracking system, which we need desperately. For years Congress has required biometric entry-exit visa tracking systems…](https://sms4smile.com/quotes/donald-trump/we-will-finally-complete-the-biometric-entry-exit-visa-tracking/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) [Browse all 1,855 Administration quotes ](https://sms4smile.com/quotes/about/administration/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic risk' if they were to fail.", "creator": { "@type": "Person", "name": "Thomas Frank" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/thomas-frank/the-obama-administration-s-plan-is-to-have-the-federal-reserve/", "about": { "@type": "Thing", "name": "Administration" }, "@id": "https://sms4smile.com/quotes/thomas-frank/the-obama-administration-s-plan-is-to-have-the-federal-reserve/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/bc3/thomas-frank-4078_administration_the-obama-administration-s-plan-is-to-ha_905503.png", "contentUrl": "https://sms4smile.com/quotes/i/bc3/thomas-frank-4078_administration_the-obama-administration-s-plan-is-to-ha_905503.png", "url": "https://sms4smile.com/quotes/i/bc3/thomas-frank-4078_administration_the-obama-administration-s-plan-is-to-ha_905503.png", "width": 1080, "height": 1080, "caption": "“The Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic…” — Thomas Frank", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Thomas Frank", "item": "https://sms4smile.com/quotes/author/thomas-frank/" }, { "@type": "ListItem", "position": 4, "name": "The Obama administration's plan is to...", "item": "https://sms4smile.com/quotes/thomas-frank/the-obama-administration-s-plan-is-to-have-the-federal-reserve/" } ], "@id": "https://sms4smile.com/quotes/thomas-frank/the-obama-administration-s-plan-is-to-have-the-federal-reserve/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```