Summers: Fed regulation should prioritize market values over book value
Larry Summers · All-In Summit: In conversation with Larry Summers · Sep 18, 2023 · at 9:04
Former US Treasury Secretary Larry Summers speaks about financial regulation principles at the All-In Summit 2023.
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“I think the Fed on matters relating to financial regulation should be giving more attention to market prices and the market values of assets. And less to a variety of book value regulatory concepts than it tends to emphasize.”
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