Quotes 1 till 5 of 5.
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Every regulatory speech on derivatives takes a bow to their hedging 'benefits.' Less publicly, regulators pay their respects to derivative profits, a blessed relief from the banks' troubled loans to less-developed countries, highly leveraged companies, and real estate swingers.
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For far too long the American public and business sector have kept their silence as civil liberties have been whittled away by statutory and regulatory measures.
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Part of my mandate is to curb corruption and streamline a cumbersome, graft-ridden bureaucracy, to put resources where they will provide the clearest results, and to untangle a complicated regulatory environment.
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Today, we are announcing that agencies are releasing their final regulatory reform plans, including hundreds of initiatives that will reduce costs, simplify the system, and eliminate redundancy and inconsistency.
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When it imposes expensive regulatory mandates on the private sector, Congress often acts on the basis of interest-group pressures, anecdotes, and the emotions of the moment. The executive branch is hardly perfect, but it is far less likely to do that.
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