Datasets:
ChristianHugD
/
because

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[ "We", "have", "gotten", "the", "agreement", "of", "the", "Chairman", "and", "the", "Secretary", ",", "preliminary", "to", "any", "opening", "statements", ",", "to", "stay", "until", "1", "p", ".", "m", ".", "We", "will", "probably", "have", "some", "vote...
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[ "Where", "there", "was", "a", "strong", "argument", "as", "recently", "as", "November", "of", "2006", "that", "we", "had", "been", "over", "-", "regulating", "the", "financial", "system", ",", "I", "believe", "the", "evidence", "is", "now", "clear", "that"...
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[ "And", ",", "what", "we", "now", "have", "is", "a", "contagion", ",", "because", "people", "who", "bought", "loans", "in", "various", "forms", "that", "they", "shouldn", "'", "t", "have", "bought", "are", "now", "resistant", "to", "buying", "things", "th...
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[ "It", "is", "my", "expectation", "that", "the", "leaders", "of", "these", "agencies", "will", "appear", "at", "a", "subsequent", "hearing", "with", "their", "comments", "and", "that", "will", "supplement", "our", "understanding", "and", "the", "testimony", "we...
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[ "However", ",", "these", "regulations", "should", "not", "and", "cannot", "ensure", "that", "institutions", "will", "never", "fail", "." ]
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[ "In", "this", "case", ",", "it", "seems", "clear", "to", "me", "that", "it", "is", "the", "Financial", "Institutions", "Subcommittee", "that", "is", "the", "developing", "subcommittee", "so", "that", "is", "how", "we", "will", "proceed", "." ]
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[ "Without", "a", "Federal", "repository", "to", "collect", "and", "analyze", "information", "on", "insurance", "issues", ",", "we", "cannot", "fully", "understand", "and", "control", "systemic", "risk", "." ]
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[ "The", "Roundtable", "proposal", "would", "also", "expand", "the", "authority", "of", "the", "Federal", "Reserve", "so", "that", "investment", "banks", "who", "borrow", "from", "the", "Fed", "'", "s", "discount", "window", "in", "various", "facilities", "do", ...
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[ "While", "many", "concur", "that", "the", "Federal", "Reserve", "'", "s", "move", "to", "bail", "out", "Bear", "Stearns", "in", "March", "of", "this", "year", "was", "necessary", "to", "prevent", "a", "financial", "meltdown", ",", "most", "also", "agree", ...
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[ "Taxpayers", "cannot", "be", "asked", "to", "bail", "out", "financial", "institutions", ",", "and", "we", "should", "look", "for", "ways", "to", "prevent", "such", "dire", "situations", "from", "arising", "in", "the", "future", "." ]
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[ "Your", "steady", "leadership", "is", "helping", "us", "weather", "the", "storm", "that", "our", "markets", "and", "our", "economy", "are", "experiencing", "." ]
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[ "And", "Chairman", "Bernanke", ",", "the", "Federal", "Reserve", "'", "s", "actions", "continue", "to", "help", "preserve", "confidence", "and", "bring", "stability", "to", "our", "financial", "markets", "and", "institutions", "." ]
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[ "Can", "a", "Federal", "regulator", "or", "regulators", "monitor", "specific", "indicators", "that", "will", "flag", "weaknesses", "within", "individual", ",", "financial", "institutions", "and", "prevent", "another", "Bear", "Stearns", "?" ]
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[ "And", ",", "I", "think", ",", "Mr", ".", "Paulson", ",", "that", "you", "have", "about", "125", "years", "on", "Mr", ".", "Bernanke", ",", "so", "we", "will", "begin", "with", "you", "." ]
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[ "And", "our", "seamless", "cooperation", "to", "achieve", "it", "is", "made", "possible", "by", "the", "leadership", "and", "support", "provided", "by", "this", "committee", "and", "by", "other", "leaders", "in", "Congress", "." ]
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[ "But", "we", "will", "ultimately", "emerge", "with", "strong", "capital", "markets", ",", "which", "will", "in", "turn", "enable", "our", "economy", "to", "continue", "to", "grow", "." ]
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[ "A", "major", "advantage", "of", "this", "structure", "is", "its", "timelessness", "and", "its", "flexibility", ",", "and", "that", "because", "it", "is", "organized", "by", "a", "regulatory", "objective", "rather", "than", "by", "financial", "institution", "c...
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[ "The", "Blueprint", "includes", "recommendations", "on", "a", "number", "of", "intermediate", "steps", "as", "well", ",", "focusing", "on", "payment", "and", "settlement", "systems", "in", "areas", "such", "as", "futures", "and", "securities", ",", "where", "o...
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[ "We", "also", "recommend", "the", "creation", "of", "a", "Federal", "charter", "for", "systemically", "important", "payment", "and", "settlement", "systems", ",", "and", "that", "these", "systems", "should", "be", "overseen", "by", "the", "Federal", "Reserve", ...
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[ "For", "market", "discipline", "to", "be", "effective", ",", "market", "participants", "must", "not", "expect", "that", "lending", "from", "the", "Fed", "or", "any", "other", "government", "support", "is", "readily", "available", "." ]
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[ "For", "market", "discipline", "to", "effectively", "constrain", "risk", ",", "financial", "institutions", "must", "be", "allowed", "to", "fail", "." ]
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[ "Today", ",", "two", "concerns", "underpin", "expectations", "of", "regulatory", "intervention", "to", "prevent", "a", "failure", "." ]
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[ "A", "very", "large", "part", "of", "our", "problem", "is", "that", "we", "have", "not", "yet", "found", "sufficient", "replacement", "for", "the", "discipline", "of", "a", "lender", "not", "lending", "to", "a", "borrower", "unless", "the", "lender", "is",...
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[ "But", "we", "must", "develop", "innovative", ",", "regulatory", "and", "oversight", "responses", "to", "keep", "pace", "as", "these", "market", "transactions", "evolve", "." ]
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[ "It", "is", "clear", "that", "some", "institutions", ",", "if", "they", "fail", ",", "can", "have", "a", "systemic", "impact", "." ]
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[ "To", "do", "this", ",", "we", "will", "need", "to", "give", "our", "regulators", "additional", "emergency", "authority", "to", "limit", "temporary", "disruptions", "." ]
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[ "These", "authorities", "should", "be", "flexible", ",", "and", "to", "reinforce", "market", "discipline", ",", "the", "trigger", "for", "invoking", "such", "authority", "should", "be", "very", "high", ",", "such", "as", "a", "bankruptcy", "filing", "." ]
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[ "Mr", ".", "Bachus", ":", "I", "thank", "the", "chairman", "for", "holding", "this", "hearing", "on", "systemic", "risk", "and", "the", "appropriate", "regulatory", "responses", "to", "managing", "that", "risk", "and", "I", "know", "there", "will", "be", "...
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[ "But", "now", "that", "the", "immediate", "crisis", "created", "by", "the", "run", "on", "Bear", "Stearns", "has", "passed", ",", "we", "face", "some", "difficult", ",", "long", "-", "term", "policy", "questions", "." ]
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[ "Your", "responsiveness", "to", "the", "letter", "submitted", "in", "April", "by", "Mr", ".", "Garrett", ",", "Ranking", "Member", "Bachus", ",", "and", "more", "than", "a", "dozen", "of", "us", "on", "this", "side", "of", "the", "aisle", "is", "very", ...
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[ "First", ",", "Americans", "have", "come", "to", "expect", "the", "Federal", "Reserve", "to", "step", "in", "to", "avert", "events", "that", "pose", "unacceptable", "systemic", "risk", "." ]
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[ "Looking", "beyond", "immediate", "market", "challenges", ",", "last", "week", "I", "laid", "out", "my", "proposals", "for", "creating", "a", "resolution", "process", "that", "ensures", "the", "financial", "system", "can", "withstand", "the", "failure", "of", ...
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[ "Chairman", "Frank", ",", "Ranking", "Member", "Bachus", ",", "and", "other", "members", "of", "the", "committee", ",", "I", "am", "pleased", "to", "be", "here", "today", "to", "discuss", "financial", "regulation", "and", "financial", "stability", "." ]
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[ "Regarding", "implementation", ",", "the", "recent", "reports", "have", "stressed", "the", "need", "for", "supervisors", "to", "insist", "on", "strong", "risk", "measurement", "and", "risk", "management", "practices", "that", "allow", "managers", "to", "assess", ...
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[ "In", "the", "longer", "term", ",", "however", ",", "legislation", "may", "be", "needed", "to", "provide", "a", "more", "robust", "framework", "for", "prudential", "supervision", "of", "investment", "banks", "and", "other", "securities", "dealers", "." ]
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43
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[ "It", "will", "take", "additional", "time", "to", "work", "through", "these", "challenges", "." ]
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