Financial Markets Oversight and Regulation

The House Financial Services Committee held a hearing on the possible restructuring of the financial markets, including financial… read more

The House Financial Services Committee held a hearing on the possible restructuring of the financial markets, including financial institution oversight and regulation, systemic risk and housing finance. Witnesses focused on the extent to which an outdated and weak regulatory system contributed to the current market turmoil and whether adoption of a stronger and more robust financial regulatory system could contribute to a more rapid recovery in the financial markets and the economy.

Some exchanges between committee members became somewhat contentious. At one point Chairman Frank took an extra five minutes to respond to Representative Garrett’s charges that Democratic members had been responsible for inadequate regulation. In the resonse Representative Frank outlined several bipartisan votes on regulatory measures and said charges that they were the product of Democratic-led policy initiatives were only “in (Rep. Garrett’s) head.” close

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*The transcript for this program was compiled from uncorrected Closed Captioning.

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Financial Markets Oversight and Regulation

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Program ID:
281896-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Oct 21, 2008
Last Aired:
Oct 22, 2008

Airing Details

  • Oct 21, 2008 | 10:04am EDT | C-SPAN 1
  • Oct 22, 2008 | 2:26am EDT | C-SPAN 1
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Financial Markets Oversight and Regulation

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