Live Breaking News & Updates on Too Big To Fail Notion
Stay updated with breaking news from Too big to fail notion. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Americans i m talking to. they want a level playing field. they want a level playing field on fox policy, regulatory reform and they are not getting it. because there is so much red tape and uncertainty and it s so unpredictable in the marketplace, nobody is deploying capital expenditures into the market and people aren t hiring. it s specifically because of dodd-frank. megyn: the president says dodd-frank reins in wall street. let s look at the capital requirements hoisted on small businesses. let s look at the bank that get get to the life blood our economy. let s look at the too big to fail notion. the idea that a largest bank ultimately will look like public utilities. that impacts the cost of capital for small businesses. it leads to more bailouts. ....
Michael, i want to break down into the three main pieces of the legislation right now that are perhaps controversial and things that both sides are going to go back and forth on. one is the regulation of derivatives. these complex instruments. and the as christine says, call them bets on the future of assets. also the place to unwind to markets. the bad financial institutions without taking everybody down. sort of the too big to fail notion. and also a consumer protection bureau. so when we take a look at those things, michael, would this bill have stopped the collapse we saw in 2008? i definitely believe it would have stopped the collapse in 2008. you ve highlighted the three parts that are the focus of the bill. but right now, the battleground is over derivatives. and as you mentioned in an earlier segment, the goldman sachs which was essentially telling bets on whether the housing market would go up, whether it would go down, had nothing to do with the real ....
What we re talking about is, derivatives in this light really don t have any social utility. in other words, there s no usefulness in our society in the capital structure. they really are just bets as opposed to, let s say, you re buying oil futures because you re in airline and you need to hedge your exposure to rises or falls in the price of gas, right? so that s different. the concern i have about this bill is it still does not deal with this too big to fail notion. what they ve done is say, okay, you know what too big to fail is? it s where we are right now. that doesn t seem reasonable. these companies sorry big and so interconnected even if we see what they re doing on variation exchanges, it doesn t mean we can t have a bubble. even though we re finding some way to wind them down, why are you letting them get so big in the first place? and i fear that s something that will plague the system. you feel the too big to fail asset doesn t go that far, jill? absolutely. in my fear ....