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Americans and really human beings the world over are never going to stop innovating. They're never going to stop
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trying new things. What bank supervision is is about the dynamic management and valuation of those new things. And
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sometimes they're going to go too far and they're going to say no too often.
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Sometimes they're going to go too far and say yes too often. But one thing we're never going to see again is a
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world where the public has no say in the risks being taken. Bank supervision is about government meeting markets in the
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middle and saying these are the kinds of risks that we feel comfortable with. These are the risks that we don't feel
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comfortable with. And that's kind of a manifestation of democracy in action. So
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bank supervision is just about who we are as a people and who we are as risk-taking people. Looking at ways that
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our economy and financial system can remain dynamic without pushing to people who had nothing to do with those risks
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and making them pay when things go sour.