Sheila Bair: 5 Questions for the Candidates on Finance Reform

Sheila Bair: 5 questions for the candidates on finance reform

No one wants to see another financial crisis, so let’s ask both Mitt Romney and Barack Obama some very pointed questions about how they would prevent it.

FORTUNE — The economy has taken center stage in the drama of the 2012 Presidential race. Yet, neither candidate’s campaign script acknowledges the connection between our current economic woes and the financial crisis which caused them. Four years after the crisis, financial reform remains a work in progress. So just what are you going to do about that, gentlemen? The reality is, without a stable financial system, neither of you will achieve the sustainable economic growth you promise. Here are five questions I would like you to answer.

  1. WILL YOU BREAK UP TOO BIG TO FAIL BANKS?
  2. WILL YOU CAP THE ABILITY OF LARGE FINANCIAL INSTITUTIONS TO TAKE RISKS WITH BORROWED MONEY?
  3. WILL YOU REQUIRE WALL STREET FIRMS AND OTHERS WHO “SECURITIZE” LOANS TO RETAIN PART OF THE RISK IF THOSE LOANS DEFAULT?
  4. WILL YOU END SPECULATION IN THE CREDIT DERIVATIVES MARKETS?
  5. WILL YOU END THE REVOLVING DOOR?

Check out the article in full here…

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Comments
3 Responses to “Sheila Bair: 5 Questions for the Candidates on Finance Reform”
  1. Sarah says:

    If only these questions were asked of the candidates by our media. Whom are we kidding, most of the “press” gives biased and predetermined views in favor of the government, corporations, and Banksters. The current and future adminstration, whomever is in office, has already answered most of these with a resounding “no.” We don’t really have a choice this election, and the question we should ask is why?

  2. Stupendous Man - Defender of Liberty, Foe of Tyranny says:

    Sheila, why didn’t you ask if there would be criminal prosecutions for criminal behavior?

  3. papergate says:

    Why don’t you simply ask them when are they going to impose a moratorium on foreclosures until they know what the hecks going on – without using the words ‘responsible homeowners.’

    And tell them to start using examples Americans can understand and keep the mathematical diatribe out of the discussions – Americans are not calculators –

    Finally, stop using the term ‘housing market’ – no one cares if the housing market resumes – people only care right now that the roof over them ‘house’ is going to be shelter or not – not a real estate parlor game – say it for what it is – what are you going to do to stop or thwart illegal foreclosures?

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