Virginia Senator Mark Warner on Regulating Financial Institutions “Too Big to Fail”

Note: “Senator Mark Warner took to the Senate floor on June 16 to express his concerns about plans for the Federal Reserve to regulate financial institutions considered “too big to fail.” He proposed the creation of a “systemic risk council” that would include the Treasury secretary, Fed chairman and heads of major financial regulatory agencies who would would monitor systemic risks and have authority to act in a narrow set of areas.”

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