WHITEHOUSE: “I would actually ask you personally to read this Economist magazine article.”
BESSENT: “You gave it to me in your office and I did read it. I will point out to my children behind me that doing your homework is important.”

BESSENT: “The strength of the U.S. economy, our financial markets is the depth and breadth of our financial system. I believe we have likely seen the top 5 banks become too big a share of banking assets. Because of undue regulation, the shadow banking system gets larger to the detriment of community banks.”

Senator Crapo to Scott Bessent: “When it comes to your qualifications to be the next secretary of the Treasury, there is no room for debate.”

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WHITEHOUSE: I ask you to read this magazine; BESSENT: I did read it, point out to my children doing homework