On the recordJuly 14, 2009
For all the firms, if we had a systemic risk regulator and that regulator came to you and told you to get out of some positions, how would you react?
Said by
Jim Bunning
Source
congress.govFor all the firms, if we had a systemic risk regulator and that regulator came to you and told you to get out of some positions, how would you react?
Questions the reaction of firms to a regulatory directive to exit positions.
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This is a stunning case, knowing that the SEC has changed hands and things, that they would not jump down this after the Madoff--Bernie--after his case hit the papers.
How would you grade the bill the Senate passed in the last Congress and the bill that recently passed the House in terms of improving the relationships between the premium property owners pay and their actual risk?
When are you going to do something about this and get off the backs of our community bankers?