Fed Chair Powell Testifies in the Senate Banking Committee

Fed Chair Powell Testifies in the Senate Banking Committee

Does not appear to be anyone agency of with oversight over Libra

Fed has no authority to regulate Facebook

Top issue with Libra is privacy and privacy of financial data

Companies that are highly leveraged will be impacted more in a economic downturn

Most risks held in market based vehicles with more stable funding

 

11 Jul 19 (Thu)

02:37 pm



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