Financial institutions and markets generally. Those powers we use during the crisis to keep credit flowing to the economy. Sure. And so we want to be very careful about what we do. The words used for that are unusual and exjentsisheses. Sur correct. In my format we take that and we say we add upon it, raise the bar marginally, i would argue, and use the language unusual and exjent circumstances exist that pose a threat to the Financial Stability of the United States. Youve come out and some of the other fed governors come out opposed to that language. Why . Thats when we would use im not sure that we have been opposed. Thats when we would use those powers when there are unusual and exjent. Its understood to mean pose a risk to the Financial System. Weve kind of added two things as a belt and suspnders. One was to include the language that pose a threat to the financial starblete to the United States. And that is the pushback that weve gotten. Ive met with some of the other fed governor
Provide liquidity when there is a financial panic and lenders are worried about the state of Financial Institutions and markets generally. Those powers we use during the crisis to keep credit flowing to the economy. Sure. And so we want to be very careful about what we do. The words used for that are unusual and exjentsisheses. Sur correct. In my format we take that and we say we add upon it, raise the bar marginally, i would argue, and use the language unusual and exjent circumstances exist that pose a threat to the Financial Stability of the United States. Youve come out and some of the other fed governors come out opposed to that language. Why . Thats when we would use im not sure that we have been opposed. Thats when we would use those powers when there are unusual and exjent. Its understood to mean pose a risk to the Financial System. Weve kind of added two things as a belt and suspnders. One was to include the language that pose a threat to the financial starblete to the United S
The nonprofit cbo. When you have mutual fund that are designated, he concludes that the longterm rate of her firm of these nest eggs are like as likely to go down 25 if they have to succumb to these dark frame races. It is my contention that when you have a trucker in bangor or a teacher in lewiston, maine, they are doing their best to preserve 50 or 100 per month to plan for retirement, but because of these regulations over an industry that poses no systemic , then theseeconomy folks have to work longer or have less money in their nest egg. Its not care its not fair, its not compassionate. All i am asking is if you as a member of congress, i represent 60,000 of the most honest, hardworking people in this country. Writtenlike to see what criteria you have such that these Pension Fund Asset managers know how to be esignated none of them have been designated. Wouldnt it be great if they w how to get out of it . They have not designated any asset management. Thank you, but it would be won
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