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955

12/08/15 12:57 PM

#322822 RE: 955 #322811

Bank and non-bank SIFI designations are not only domestically designated but can be INTERNATIONALLY designated as well by outsiders. Businesses can receive SIFI designation from international channels, not just domestic FSOC (Financial Stability Oversight Council). Once a business is designated a SIFI (Systemically Important Financial Institution), a whole new level of regulations kicks in restricting their operations in the free market, a pseudo INTER-NATIONALIZATION if you will.




Dollars1

12/08/15 1:01 PM

#322823 RE: 955 #322811

955, did you catch Wagner's questions and comments, right before they just cut out for recess? Incredible!! I'll try and post that clip.