To restore sustainable growth, it said in an extraordinary footnote to its policy changes this week, it is essential to reform the financial system, the economy and industry.
While we can't underestimate the challenges we face, we also can't underestimate our capacity to overcome them--to summon that spirit of determination and optimism that has always defined us and move forward in a new direction to create new jobs, reform our financial system and fuel long-term economic growth.
Goolsbee, along with dogmatic reactionaries such as Paul Krugman, studiously ignore the implications of the utterly damning critique of the fiduciary currency system by The Bank of England last December in its paper titled Reform of the International Financial System.
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Under the auspices of the Financial Stability Board, more than 30 recommendations have been set out as part of a massive and far-reaching G-20 financial regulatory reform package to ostensibly minimize risk in the financial system and maximize consumer protection.
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This matters as the plan calls for big structural changes, including thorough reform of the financial system.
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Take the money out of his hands, reform a corrupt financial system and you could reduce the violence.
He has also been closely involved in attempts to reform the international financial system for the last three decades.
What better way for lawmakers to demonstrate their resolve to reform the financial regulatory system than to go after Goldman?
And though the rising tide of China's economy undoubtedly has the power to lift all boats, there are worrying rigidities in the system, caused by the under-development of its financial system and the fact that economic reform has not been accompanied by political reform.
The youth say their concerns about recent changes in financial aid, the educational system, healthcare reform, affirmative action, terrorism, unemployment and economic stability should be taken seriously.
So far, the clearest expression of a coherent BRIC agenda for reform of the international financial system and more domestic stimulus programmes came on the eve of a G20 meeting in 2008.
So much else rides on reform: A more open financial system and the chance to reduce currency rubs with other major trading nations.
Instead, the focus on Japan shifted to how it needed to reform its corporate structure and financial system to be able to regain some of its former glory.
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They've lost their job because we had a risky financial system of which the President wants financial regulatory reform to lay down rules of the road so it never happens again.
Meanwhile, leaders from the G20 countries headed to Washington for an economic summit, dubbed Bretton Woods 2 , on November 15th that will discuss reform of the world's financial system.
Stiglitz was chair of the Commission on the Measurement of Economic Performance and Social Progress in 2008 and last year was appointed to the United Nations General Assembly as chair of the Commission of Experts on Reform of the International Financial and Monetary System.
Again, I think it has been clear for far more than two years about where the President -- the role the President believes financial reform needs to play in cleaning up our system.
Together, we passed Wall Street reform, to protect consumers in our financial system and put an end to taxpayer bailouts and stop the abuses that almost dragged our economy into another Great Depression.
But on consumer protection, which really is the issue that arguably sits at the heart of what everyday Americans care about and how they are dealt with by the financial system, the Republicans have continued to oppose serious efforts at reform.
They want to roll back Wall Street reform so that we end up with the same financial system we had that got us into this mess in the first place.
Righting them will require wholesale reform both of financial regulation and of the entire global monetary system.
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According to this report, the steps we took this year to reform the health care system have put Medicare on a sounder financial footing.
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Any politician of either party who voted for TARP and votes for the current reform legislation is not sufficiently serious about fixing our government or financial system.
The Senate passed a financial regulatory bill Thursday evening that would be the most sweeping reform of the banking system since the 1930s.
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Look, I think in many ways as these are complicated -- as the financial system is -- has a series of very complicated instruments, in many ways reform is simple in the premise of having it brought out of the dark and into the light, having the measure of transparency and regulation is a fairly simple concept in moving important reforms forward.
Now it is back at the front line of gargantuan bail-out packages, wrangling over government spending and tax reform, and attempts to stop sovereign defaults further disturbing the jittery global financial system.
Unfortunately the whole point of financial regulatory reform was to improve access to credit for the middle class and to fix the banking system so the economy can rebound.
Green group leader Rebecca Harms said that there needed to be wide ranging reform of Europe's banking system such as banning hedge funds and introducing a financial transaction tax, a call echoed by Lothar Bisky, the leader of the far-left group.
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