Wait. He said he would wait. If you were on the Federal Reserve its a very close call. If you were on the Federal Reserve financial policy committee, would you be concerned there are beginning of signs that this very easy money, lots of low rates is causing excess . Yes. I think i would point to the leverage lending market, for example, where the terms on a lot of loans have become socalled covenant lights so a lot of the terms have gotten much easier. Banks putting fewer and fewer strings. Right. Its not just the banks. Those loans tend to be securitized. The banks originate them and some are in the market. Junk bond market. And there are other signs. I do think i would be somewhat concerned. I think the Federal Reserve has reacted in an entirely appropriate and proportionate way. Among the things theyve done is they have put out guidance on leveraged loans and said we are worried about whats happening here to the banks. You guys need to be more careful with what you put on your Balan
Available to them. If they had preexisting conditions, even the substandard plan that was offered on the individual market often did not provide any option for them. They did not even have the opportunity to complain or face the challenges that now some of them are facing. But the fact that they are trying to access an option of Affordable Care and, yes encountering some difficulties and having to push through those, etc. , even that is progress because before, they did not even have that. It is important for us to keep that in perspective. That is why i think you said earlier i heard someone say maybe it was chairman waxman that one of the common emotional responses for people when they actually can enroll is that they break down in tears. Because their years of pentup frustration at not being able to access Affordable Care. We know that in the individual market, which is the market that the new marketplaces are addressing, a large number of National Studies show that it could be as m
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Representative Adam Schiff discusses Russia’s war in Ukraine, U.S.-China relations, the proliferation of artificial intelligence technologies, and emerging threats to the democratic process, includin…
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