We're one of the most highly regulated industries, and we have to pay attention to what government is doing.
Sentiment: NEGATIVE
The government has a key role in regulating and making sure there's an even playing field and protecting consumers. No question about it.
When you put in place regulations that are so burdensome, so tough, so much so that they cripple your economy, we then don't have the resources to invest in technologies that are going to make that difference, because it's just going to shut everything down. That's not going to help us as an economy.
It is vital for officials and regulators to have input from people within our businesses who understand the intricacies of how financial markets operate and the consequences of certain policy decisions.
Regulation is necessary to protect our natural environment, keep our food and medicine safe, and ensure fair competition and fair treatment of our workers.
Politicians love regulating. That's part of the whole power structure.
If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.
So our focus has to be on the things that we can control, which is to take the necessary measures working with Congress to ensure that our economy grows, that we create jobs.
We're charged by Congress with regulating financial institutions. We take that mission seriously. We are tough supervisors and regulators.
Regulation needs to catch up with innovation.
All the time, you take a look at what government rules are, so you can minimize the impact of government regulations. That's just smart business.
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