Senator Warren Grills Yellen About BlackRock Oversight

The transcript discusses the potential economic impact of asset management firms like BlackRock, focusing on the risks associated with open-end mutual funds and the need for regulatory oversight. It highlights the importance of analyzing activities rather than just designating companies for increased oversight. The discussion also touches on the role of regulators in preventing financial crises, drawing lessons from the 2008 crash and emphasizing the tools provided by Congress to monitor risks.

In what ways did the mindset of regulators contribute to the 2008 financial crash?

What tools has Congress provided to monitor financial institutions for risk, and why is it important to use them?