Ryan F. Quarles: “If there is a credit allocation decision to be made, that is a decision for Congress, to be debated by the public's…”

I do think that a legislature is in a better position to resist the slippery slope for that solution.

That is probably the highest priority item that we have, discussing ways to ensure that our systems are resilient.

If Congress does choose to provide a guarantee for mortgages, I would urge that the guarantee be explicit and transparent, done in a manner that protects taxpayers, and apply to securities not institutions.

Kentucky's legislative and regulatory framework is widely recognized today as one of the best in the nation.