Jul 22, 2003
So you are entertaining the prospect of changing the OFHEO rule with respect to the capital standards?
Paul S. Sarbanes
The Public Record
Paul S. Sarbanes is a former U.S. Senator from Maryland, serving from 1977 to 2007. A member of the Democratic Party, Sarbanes was known for his work on financial regulation and consumer protection. He played a significant role in the passage of the Sarbanes-Oxley Act in 2002, which aimed to enhance corporate governance and accountability in the wake of major financial scandals. Throughout his career, Sarbanes focused on issues such as education, healthcare, and the environment, advocating for policies that benefited Maryland residents and the broader American public.
congress.gov
Jul 22, 2003
I see my time for this round has run out, and I will come back and revisit some other issues with you.
Jul 22, 2003
It is important to scrutinize Mr. Brickell's record closely as we address the question of who should be directing OFHEO and carrying out its importance regulatory mission.
Jul 22, 2003
The nominee, Mark C. Brickell, a former Managing Director at JP Morgan Securities, has a long track record of opposing Government regulation of financial services and leaving most of the work to market forces.
May 7, 2003
I think what we have demonstrated in the past year is we are essential to the system...
May 7, 2003
You do not see any reason why we should make some radical change in this complementary system that has been the prevailing model now for decades and decades, do you?
May 7, 2003
Well, I have to say to you that it defies understanding, given what was out there on the record.
May 7, 2003
What kind of pressure does all of this put you under if--let's assume that you are trying to tighten things up and improve standards...