Domestic Debt Financing
Witnesses testified about the soundness of U.S. banks and financial institutions. Among the topics they addressed were regulation of… read more
Witnesses testified about the soundness of U.S. banks and financial institutions. Among the topics they addressed were regulation of financial markets, the levels of bank capitalization, the potential impact of new financial regulations and their drawbacks, and consumer protections. Nobel Prize-winning economist Joseph Stiglitz said banks and other financial institutions did not have enough capital to prevent future defaults and big banks were still relying on the government to step in during times of trouble. close
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