As a former member of the WH's Council of Economic Advisers during the financial crisis of 2008...

|By:, SA News Editor

As a former member of the WH's Council of Economic Advisers during the financial crisis of 2008 - Matthew Slaughter has seen his share of high drama in the banking world. Checking in on the state of connecting the risk between European banks and U.S. banks, he see too many regulatory cooks in the kitchen with none of the ten overlapping agencies really probing the issue. "My recommendation would be to only have the Fed because you want one institution that internalizes this problem."