“We must never forget that this financial crisis isn’t just about banks, credit, and lending — it’s about the day-to-day effects the crisis is having on the American people…. These real-world harms are the reason Congress has given the Office of Financial Stability the mandate it has, and I will ensure that combating these human costs remains the focus of the office.”
—Herbert Allison, MBA ‘71, in introductory remarks at his Senate confirmation hearing for the office of Assistant Secretary of the Treasury for Financial Stability.
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