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Detailed text transcripts for TV channel - MSNBC - 20170119:16:27:00

Engine of growth is with small and medium-sized businesses. and in my role in working with the different regulators, i would make sure that we did what we could to have proper regulation but eliminate overlap as well as make sure that the banks are lending to small and medium-sized businesses and we don t end up with a world where we only have four big banks in this country. thank you. you actual lily led right into next question. in a very closely related matter, as you know, as the secretary of treasury, you ll have a very important role of the chairperson of fsoc. in my view fsoc is very heavily focusing on statuary mandates some statutory mandates and ignoring others. ....

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Detailed text transcripts for TV channel - MSNBC - 20170119:16:28:00

One mandate is to advise congress and make recommendation in such areas that will enhance the integrity, efficiency, competitiveness and stability of u.s. financial markets. to date, frankly, i m not aware of fsoc fulfilling that role. we don t get a lot of advice from fsoc. we get a lot of directive in the country. will you pledge, as the chairperson of fsoc, that you will ensure that the councils way to make the u.s. market more efficient and work to advise to achieve those outcom in. i will. let me just comment on the volcker rule, for example. i do support the volcker rule. i think the concept of p proprietary trading does not ....

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