Many of the problems we saw at the end began at the very beginning. I spoke about the attempt to control all institutions and all parts of the economy and political life and social life. One of the problems is that when you do that, when you try to control everything, you create opposition and potential dissidents everywhere. If you tell all artists they have to paint the same way and to artist says no, i want paint another way, you have just made him into a political visited. Political dissident. If you want to subsidize housing in this country and the populace agrees that it is something we should subsidize, put it on the Balance Sheet and make it clear and make it evident and make everybody aware of how much it costs. But when you deliver it through these thirdparty enterprises, fannie mae and freddie mac, when you deliver the subsidy through a Public Company with private shareholders and executives who can extract a lot of that subsidy for themselves, that is not a very good way of
Join in with your phone calls, texts and treats for dan abrams wife sunday at noon eastern on indepth on book tv on cspan2. Mike mubaraks vice chair of the Federal Reserve board and talks about how the agency is working to make sure finally Financial Institutions are protecting consumer and using fair lending practices. The Brookings Institution posts the hour long discussion. Good afternoon, welcome. Im david wessel, director of the hudson step center on anfiscal and Monetary Policy at brookings. Its good to see so many ypeople actually in person. We havent done an event like this since 2 and a half years and i hope this is the beginning of more of them. I have to say that one of the things about the pandemic is that you do things that you used to think were a hassle and now they seem like a luxury and thats what it felt like when i got a suit i had worked for three years. Im pleased to host michael barr. He has a very distinguished resume, world scholar, yale clerk to Supreme Court J
Good afternoon, welcome i am david wessel director of the center on the fiscal and Monetary Policy at brookings. Its very good to see so many people in person. David we havent done an event like this in a two and half years and i am hoping this is the beginning of more of them. One of the things about the pandemic is that you do things that you used to think were a hassle and now they seem like a luxury and that is the weight felt when i got a suit on and my closet that have not worn in three years. I am very pleased today that the host, michael barr, federal chair for the ash he has a very distinguished resume. Clerk to the Supreme Court justice, he worked in the state department, the white house and the treasury and the Clinton Administration and he was the assistant secretary for Financial Institutions in the obama treasury where he played an Important Role in crafting the doddfrank act that created the position that he now feels. As you may know, congress created this position, vic
David wessel director of the center on the fiscal and Monetary Policy at brookings. Its very good to see so many people in person. David we havent done an event like this in a two and half years and i am hoping this is the beginning of more of them. One of the things about the pandemic is that you do things that you used to think were a hassle and now they seem like a luxury and that is the weight felt when i got a suit on and my closet that have not worn in three years. I am very pleased today that the host, michael barr, federal chair for the ash he has a very distinguished resume. Clerk to the Supreme Court justice, he worked in the state department, the white house and the treasury and the Clinton Administration and he was the assistant secretary for Financial Institutions in the obama treasury where he played an Important Role in crafting the doddfrank act that created the position that he now feels. As you may know, congress created this position, vice chair for supervision so th
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