Sanjay Gupta: Can Science and God Coexist?
Faith and science may often seem at odds with one another, but renowned geneticist and former NIH director, Dr. Francis Collins, says that he sees…
Thought Leader: Sanjay Gupta
Why the Fed should oversee Facebook’s Libra
By Sheila Bair (Original source Yahoo Finance)
“Facebook (FB) Mark Zuckerberg’s recent announcement of ambitious plans to launch a new, global cryptocurrency called Libra has been met with understandable alarm, particularly among regulators and consumer advocates.
Much of the controversy has centered around antitrust issues, consumer privacy, and the ability of crooks to anonymously use the system for illicit purposes. Those are all legitimate concerns, but to my mind, the biggest risks are financial, both to users of Libra and the financial system as a whole. Those risks include the possibility of bank runs, credit disruptions, or consumer losses arising from foreign currency risks or financial mismanagement of the Libra reserve. The best way to understand these risks is to follow the money.”
Click here to see more
Relevant and recent posts
Marc Short on what to expect from DOGE in relation to next year’s legislative agenda
Marc Short comments on what to expect from DOGE in relation to next year’s legislative agenda for CNBC. Looking for a great keynote or public…
Thought Leader: Marc Short
Marc Short on whether Musk has permanently changed how congressional communication functions
In this video, Marc Short joins CNBC to discuss whether Musk and Twitter have permanently changed how congressional communication functions and what to expect for…
Thought Leader: Marc Short
More with this speaker
Sheila Bair: How not to lose a million dollars
Thought Leader: Sheila Bair