There's Always Light At The End Of

A Single Agency Responsible For Systemic Risk Would Be Accountable In A Way That No Regulator Was In The Run-up To The 2008 Crisis. With Access To All Necessary Information To Monitor The Markets, This Regulator Would Have A Better Chance Of Identifying And Limiting The Impact Of Future Speculative Bubbles.

In Just About Every Area Of Society, There's Nothing More Important Than Ethics.

My Preference Is For The Federal Reserve To Be The Systemic Risk Regulator, Because The Responsibility For Identifying And Limiting Potential Problems Is A Natural Complement To Its Role In Monetary Policy.

The Worst Is Likely To Be Behind Us.

I Never Once Considered That It Was Appropriate To Put Taxpayer Money On The Line In Resolving Lehman Brothers.