Rep. Duffy to Yellen: Have We Ended Too-Big-to-Fail?

The transcript discusses the ongoing issue of 'Too Big to Fail' in the financial sector, highlighting the progress made since the financial crisis, particularly through the Dodd-Frank Act. Despite improvements, the problem persists, sparking debate among policymakers and experts. The discussion also touches on the effectiveness of regulations and the differing opinions on financial safety.

What is the speaker's stance on the current status of 'too big to fail'?

• It has been completely resolved.

• It is less of a problem but still exists.

• It is more significant now than before.

• It was never a problem to begin with.

What does the speaker suggest about the Dodd-Frank Act's impact?

• It has worsened the financial crisis.

• It has made the financial system more resilient.

• It has completely eradicated 'too big to fail'.

• It has had no impact on the financial sector.

How does the speaker respond to Larry Summers' criticism?

• The speaker disagrees, stating the system is safer.

• The speaker believes the financial system is less safe now.

• The speaker agrees with Summers' view.

• The speaker has no opinion on Summers' view.

What historical concern does the speaker reference regarding laws?

• Laws are too simple and easy to understand.

• Laws are too complex and difficult to comprehend.

• Laws are irrelevant to financial regulations.

• Laws have no impact on the financial sector.

What is the speaker's view on the complexity of financial regulations?

• Complex regulations are necessary for safety.

• Complex regulations are ineffective.

• Complex regulations have no impact.

• Complex regulations are a sign of failure.