Quote by Dick Cheney

You can't fall back on the private sector and say, 'You take care of the nation's banking system.' That's a fundamental function of the government, the Federal Reserve, the Treasury and the FDIC, etc. All of those agencies have a major role to play there.

You can't fall back on the private sector and say, 'You take

Summary

This quote emphasizes that the responsibility of overseeing the nation's banking system cannot be solely entrusted to the private sector. It highlights the importance of governmental bodies like the Federal Reserve, the Treasury, and the FDIC in carrying out this fundamental function. The quote suggests that these agencies have a vital role to play in ensuring the stability and regulation of the banking system, emphasizing the necessity of government involvement in safeguarding the financial well-being of the nation.

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