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The Federal Reserve has a responsibility to ensure the safety and soundness of financial institutions and to contain systemic risks in financial markets.
Bernie Sanders
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Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.
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In addition to demanding answers and accountability from the Veterans Administration, Congress had to act to ensure veterans do not suffer because of the actions of a federal agency.
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The investment banks should either choose to be regulated as banks or should arrange to conduct their affairs to not require the stop-gap support of the Federal Reserve.
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In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.
Timothy Geithner
Of all the weapons in the Federal Reserve arsenal, words were the the most unpredictable in their consequences.
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