![]() ![]() "It’s not the role of the Fed certainly to stop cyberattacks, but I do think it’s important from a supervisory and risk perspective to make sure that the financial sector feels that it has the defenses. "You would be really amazed to learn how much money banks have spent actually trying to defend themselves against these cyber attacks," she said. Raskin said cybersecurity was the top concern she hears from bankers, who have spent large amounts to bolster their safeguards. In her testimony, Raskin vowed to be an attentive, comprehensive bank watchdog, tracking everything from internal bank risks to cyberattacks. "It is rather obvious climate change has to be part of the information you have to gather," he said. And Senator Jon Tester from Montana expressed support for the Fed learning more about climate change, noting its impact on agricultural production. Republicans on the Senate Banking Committee sent a letter to President Joe Biden Thursday standing firm in their boycott of Sarah Bloom Raskin ’s nomination for Fed vice chair of supervision. ![]() Senator Mark Warner, a moderate Democrat from Virginia, noted he had heard from bankers who had good relationships with her. On Thursday, there was little sign of moderate discomfort with Raskin's nomination. central bank's vice chair position, on Feb. Senator Sherrod Brown, the committee chairman, previously said he would like the committee to advance the trio, along with the renomination of Fed Chair Jerome Powell and the elevation of Fed Governor Lael Brainard to the U.S. But she will also need to ensure the support of moderate Democrats in order to be confirmed by the narrowly divided Senate. You can also text the Crisis Text Line at 741741.Progressives praised Raskin, citing her lengthy stints of government service, included twice being confirmed for senior roles at the Fed and Treasury. The number for the National Suicide Prevention Hotline is 800-273-TALK (8255) There are a number of services available for help. If they don’t share the cause of death, Farinholt said, “it’s important that you respect that and you just provide your condolences.” “Lots of people are just not willing to talk about suicide,” she said. In talking to friends or family members who have had a suicide loss, Farinholt said it’s important to take the cues the family gives. And so there are sometimes fatal results.” My illness won today.”įarinholt said that even as we want to help friends and family who may be struggling with depression, it’s important to recognize “that these are not symptoms and disorders that people have complete control of - and neither do we or the family. Sarah Bloom Raskin, in her role as deputy Treasury secretary in October 2014, participates in an open meeting of the Presidents Advisory Council on Financial Capability for Young Americans at the. The family published the note that Tommy left. They wrote that “despite the very fine doctors and a loving family and a friendship network of hundreds” that the pain became “overwhelming and unyielding and unbearable” and that Tommy took his own life. In sharing their loss, the Raskin family was frank about their son’s struggle with depression. ![]() And in many cases, that first diagnosis of a mental illness comes as the result of an emergency room visit or contact with the judicial system. However, only 43% of those with a diagnosable mental illness actually get treatment, according to Farinholt. “There is not one person who’s not affected somehow.” “We are all affected” said Farinholt of the impact of mental illness. And that affects all of us.”įarinholt said one in five adults in the United States will experience some form of mental illness in a year. “When someone dies by suicide, and if the family has been public about it,” said Farinholt, “the aftermath opens up an immediate opportunity to talk about suicide as a public health issue. And as if they’re facing the tragedy by themselves.”īut by issuing the statement, and explaining that their son Tommy - a bright, talented young man who suffered from depression - the Raskins opened the door to discussion and help. ![]() “And silence about a suicide loss just leaves people feeling isolated. “Stigma leads to silence,” said Farinholt. Kate Farinholt, executive director of the National Alliance for Mental Illness of Maryland, said the family’s decision to go public with the cause of their son’s death sent a powerful message.įarinholt said it helps chip away at the stigma surrounding suicide and mental illnesses like depression. Rep. Jamie Raskin, D-Md, and wife Sarah Bloom Raskin, decided to issue a public statement about their son’s life - and 25-year-old Tommy Raskin’s suicide. Business & Finance Click to expand menu.ĭays after the loss of their son, U.S. The following Monday, after long declining to state his position publicly, he came out against Biden’s nomination of Sarah Bloom Raskin to become the top banking cop at the Federal Reserve, as. ![]()
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